Petrobras proceeds to next stage in 52-MW wind asset sale

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

May 5 (Renewables Now) - Brazilian state-controlled oil and gas company Petroleo Brasileiro SA (BVMF:PETR4), or Petrobras, on Monday said it has kicked off the binding phase in the sale process for its stakes in two wind farms totalling 52 MW.

The oil giant is selling a 49% stake in Eolica Mangue Seco 1 and a 51% stake in Eolica Mangue Seco 2. The remaining shares are kept by Alubar Energia SA and power distributor Centrais Eletricas Brasileiras SA (BVMF:ELET3), or Eletrobras, respectively.

The investors qualified to take part in this phase will receive detailed instructions on the divestment process, as well as guidelines for due diligence and submitting binding offers, the state-owned firm said.

These plants are part of a 104-MW wind power complex comprised of four parks -- Mangue Seco 1, 2, 3 and 4-- each with an individual capacity of 26 MW.

Petrobras expects to commence the binding phase for Mangue Seco 3 and 4 in the coming weeks, it added.

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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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