Brazil's Energisa concludes acquisition of 110 MWp of solar projects

Solar PV plant in Brazil

April 12 (Renewables Now) - Brazilian electricity distributor Energisa SA (BVMF:ENGI11) said on Monday it has completed the acquisition of several solar projects with a combined capacity of up to 110.2 MWp through subsidiary Alsol Energias Renovaveis SA.

Alsol is paying roughly BRL 6.9 million (USD 1.4m/EUR 1.3m) for three companies -- Renesolar Engenharia Eletrica Ltda, Flowsolar Engenharia Eletrica Ltda and Carbonsolar Engenharia Eletrica Ltda -- together owning some 33 solar distributed generation (DG) projects.

This acquisition is part of a 136-MWp solar portfolio acquisition announced in January. At the time Energisa said it was targeting a total of 41 solar DG projects in 11 companies.

The sellers are domestic company Vision Sistemas Ltda, and local businessmen Julio De Paula Kierluff, Weberton Luiz Goncalves Eller and Rodrigo Madeira Marque.

Energisa noted in the press release that completion of the acquisition of the remaining eight companies is still subject to certain conditions specifically applicable to these firms.

(BRL 1.0 = USD 0.211/EUR 0.194)

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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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