EDP Brasil indicators contract to acquire AES Inova

Mar 1, 2021 06:35 PM ET
  • Electric energy firm EDP Brasil has authorized an agreement to acquire AES Inova, a distributed generation investment system of AES Brazil.

Electric utility company EDP Brasil has actually signed a contract to acquire AES Inova, a dispersed generation financial investment system of AES Brazil.

EDP Brasil will obtain AES Inova for a consideration of R$ 177m ($ 31.6 m), that includes an acquisition value of R$ 101.7 m ($ 18.1 m) and CapEx, for projects' advancement.

The procurement will better strengthen EDP Brasil's distributed solar generation company sector with the addition of 34MWp to EDP Smart's portfolio while enhancing the firm's project portfolio in the area.

Capability will be included through assets situated in Rio Grande do Sul, São Paulo and also Minas Gerais.

The deal is an additional substantial action in EDP Brasil's development technique in the solar power segment.

Of the total ability, around 16MWp describe gotten as well as industrial projects and also the staying 18MWp entail ready-to-build projects in Minas Gerais, which will permit the firm to develop the project, participate in a strategic market and manipulate functional harmonies with various other properties.

EDP Brazil CEO João Marques da Cruz stated: "For EDP, this operation stands for a superb combination of acquired projects, which indicates assurance of revenue as well as reduction of dangers, and also projects unfinished, in which we attract attention for the excellence of distribution in the predefined time and also expense.

" This is yet another firm action by EDP in the direction of its objective of leading the energy shift in the country, focusing heavily on dispersed as well as centralised solar generation (energy range).".

In December, the company authorized an arrangement at Blue Sol, with an intent to obtain a 40% risk in the company and also raise its capillarity in the B2C solar energy sector.