June 19 (Renewables Now) - France's Voltalia SA (EPA:VLTSA) has entered into exclusive negotiations with investment fund STOA for the sale of a minority stake in a 291-MW wind portfolio in Brazil.
More specifically, Voltalia is looking to sell a 35% stake in the 163-MW VSM 1 and the 128-MW VSM 2 wind parks, currently under construction in Rio Grande do Norte state.
The wind farms are part of the company’s Serra Branca cluster. Voltalia expects to close the transaction during the summer of 2019, retaining its control over both assets, the company said.
Currently, Voltalia has 873 MW either in operation or under construction as part of the Serra Branca cluster, of which 600 MW are owned by the group and 273 MW by Echoenergia, a subsidiary of international investor Actis.