Brazil's Petrobras starts sale of 52 MW of wind assets

Brazilian state-run oil and gas giant Petrobras (BVMF:PETR4) said on Friday it is initiating the joint process of divesting its stakes in the holding companies for two wind farms totalling 52 MW.

The oil giant owns a 49% stake in Eolica Mangue Seco 3 and 4, while the remaining 51% of the shares are held by Wobben Windpower Industria e Comercio Ltda. According to the company's teaser, the sale will be carried out together with Wobben through a competitive process aiming for the total divestment of the wind farms.

Located in Guamare municipality, Rio Grande do Norte state, the two 26-MW plants are part of a 104-MW wind power complex comprised of four parks in total. On January 31, 2020, Petrobras commenced the sale of the other two wind farms, Mangue Seco 1 and Mangue Seco 2.

Potential investors can find more information about the assets and the eligibility criteria for the purchase on Petrobras' website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers

The move aligns with Petrobras' goal of optimising its portfolio and improving its capital allocation, the company noted.

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