CPFL Renovaveis completes Jantus acquisition

Dec 20, 2011 - CPFL Renovaveis, the company which resulted from the merger of the renewable energy assets of Brazil's power company CPFL Energia and green energy investment player ERSA, yesterday said it completed the acquisition of wind power generation firm Jantus.
The value of the deal is BRL 823.3 million (USD 440.9 million/EUR 337.3m). Also, CPFL Renovaveis assumed a net debt of BRL 675.4 million.
With the operation, CPFL Renovaveis acquired four operational wind farms with a total installed capacity of 210 MW in northeastern Ceara state, apart from a portfolio of 412 MW in certified projects eligible to take part in future energy tenders and another 320 MW in non-certified projects, CPFL Renovaveis outlined.
The 135 MW Quintanilha Machado wind park in southeastern Rio de Janeiro state was not included in the deal since its contract for sale of electricity to federal power holding company Eletrobras was amicably terminated at the beginning of this month, CPFL Renovaveis also noted.
With this deal concluded, CPFL Renovaveis achieves a portfolio of 1,417 MW in operation and under construction, the company also said.
(BRL 1.0 = USD 0.536/EUR 0.41)

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