GreenYellow acquires majority in 4.4-MWp solar DG portfolio in Brazil

Small solar system in Brazil. Author: Tony Winston/Agência Brasília.

November 11 (Renewables Now) - French renewables business GreenYellow has recently concluded the acquisition of a 90% interest in a 4.4-MWp solar distributed generation (DG) portfolio from FazSol Energias Renovaveis.

The purchased portfolio consists of five photovoltaic (PV) parks located in the country’s capital Brasilia, the buyer said. Operational since 2020, the renewable energy assets feature 11,000 solar panels capable of generating 7.3 GWh of clean electricity per year.

FazSol will hold the remaining 10% of the solar portfolio and continue to manage the compensation of credits to the PV plants’ customers, which are active in the airports, corporate condominiums and retail chains sectors.

FazSol is a joint venture between Japan’s Shizen Energy Inc and Brazilian holding company Espaco Y.

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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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