Chesf concludes transfer of stakes in 254.5-MW wind portfolio to Brennand

Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic

March 29 (Renewables Now) - Brazil's federally-owned utility Chesf announced today it has completed the transfer of its interest in 254.5 MW of wind power capacity to Brennand Energia.

Chesf and its controlling company, electric utility Centrais Eletricas Brasileiras SA (BVMF:ELET3) better known as Eletrobras, have received a revised sum of about BRL 250 million (USD 64.4m/EUR 57.3m) as part of the transaction.

Brennand won the assets back in September 2018, when Eletrobras held an auction to sell its interest in 64 special purpose entities (SPEs).

In all, Brennand took the stakes it did not already own in eight SPEs, which form the Sento Se I, Sento Se II and Sento Se III wind farms. More details are available in the table below.

Name of SPE Wind park capacity Eletrobras' interest
Pedra Branca SA 30 MW 49%
Sao Pedro do Lago SA
Sete Gameleiras SA
Baraunas I Energetica SA 32.9 MW
Morro Branco I Energetica SA
Mussambe Energetica SA
Baraunas II Energetica SA 1.5%
Banda de Couro Energetica SA 1.7%

(BRL 1 = USD 0.26/EUR 0.23)

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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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