GDF Suez acquires wind projects in Brazil

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GDF Suez acquires wind projects in Brazil

Tractebel Energia, a subsidiary of GDF SUEZ, has announced that, its Board of Directors have approved the agreement for acquisition of development rights of the Santo Agostinho Wind Farm Complex, by its controlled company, Tractebel Energias Complementares Participações Ltda. (TBLP).

The Complex is made up of 24 specific purpose companies, each one responsible for the development of a wind generation project, together totaling a potential output of 600 MW, all the projects being located in the municipalities of Lajes and Pedro Avelino, approximately 120 km from the city of Natal, capital of the state of Rio Grande do Norte.

The maximum acquisition amount is R$ 54.0 million (US$24 million), being made up of a fixed value of R$39.0 million and a further amount as a function of performance of up to R$ 15.0 million, to be paid subject to the fulfillment of certain conditions precedent in the agreement.

In mid August we reported that GDF SUEZ signed an agreement for the sale of its assets located in Panama and Costa Rica to Celsia, a Colombian company.

Assets included in the transaction are the wholly owned 118 MW Dos Mares hydro complex, 83 MW Cativa fuel oil plant and 50 MW Guanacaste wind farm, together with the 249 MW Bahia Las Minas thermal complex (coal and fuel oil plants), in which GDF SUEZ has a 51% share.

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