Brazil approves EDP GRID acquisition of 4 solar DG systems

Solar installation. Author: Dept of Energy Solar Decathlon.

January 23 (Renewables Now) - Brazil's Administrative Council for Economic Defense (CADE) has approved the acquisition of four solar distributed generated (DG) systems by EDP GRID Gestao de Redes Inteligentes de Distribuicao SA.

The unit of EDP Energias do Brasil SA (BVMF:ENBR3) is buying the solar DG assets from Brazilian energy company Leros Geradora SA, CADE pointed out on Wednesday. The approval of the transaction was given without any restrictions.

The systems being acquired are yet to be put into operation and are located in Taubate municipality, Sao Paulo state. Their capacity was not disclosed.

The transaction represents an opportunity for the EDP Group to develop new photovoltaic (PV) generation projects in the country, expanding its renewable generation portfolio and attracting new customers, CADE noted.

Earlier this week, Brazil's solar DG systems hit the mark of 2 GW of installed capacity, with a total of 171,000 arrays connected to the grid.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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