Brazil's Administrative Council for Economic Defense (CADE) has okayed the acquisition of a wind portfolio with a combined capacity of 420 MW by Brazilian power producer AES Tiete Energia SA.
The deal, approved last week without restrictions, involves the purchase of 14 special purpose companies (SPEs) that hold wind assets, under the umbrella of Ventos de Santa Tereza Energias Renovaveis SA.
The seller is local firm Salus – Fundo de Investimento em Participacoes Multiestrategia (FIP Salus) part of Grupo Araripe, the same entity that controls Brazilian wind energy company Casa dos Ventos.
Located in Maracanau municipality, Ceara state, the wind portfolio supports AES Group's growth strategy for wind.
According to a note sent to Reuters, this acquisition is the first phase of a greenfield project named Cajuina, which could reach a total of up to 1.1 GW.