Total Eren acquires 92-MW Brazilian wind farm - report

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

April 17 (Renewables Now) - French renewables developer Total Eren SA has acquired its first wind energy asset in Brazil, a 92-MW wind farm, from local developer Vila Energia Renovavel, Reuters reported on Tuesday.

Under the agreement, the Brazilian company will retain a 10% stake in the Terra Santa park, stated Fernando Estevao de Meneses, Vila Energia's partner-director.

Located in Brazil’s northeast state of Rio Grande do Norte, the complex requires a total investment of BRL 410 million (USD 105m/EUR 93m) and is scheduled to start production in 2021. Terra Santa has a 20-year supply contract with Brazilian utility Cia Energetica de Minas Gerais SA (BVMF:CMIG4), better known as Cemig.

The French company already had renewables portfolio in Brazil consisting of three solar parks with a combined capacity of 140 MW, two of which also bought from Vila Energia, Reuters said.

(BRL 1 = USD 0.26/EUR 0.23)

More stories to explore
Share this story
About the author
Browse all articles from Lucas Morais

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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription