Engie Brasil acquires 260 MWp of solar farms in your home

• Brazilian energy firm Engie Brasil Energia SA (BMVF: EGIE3) revealed on Thursday that it has finalised the acquisition of 2 solar photovoltaic (PV) farms, with a combined capacity of 259.8 MWp in Brazil.

Engie Brasil acquired the plants from Engie Solar SAS, Solairedirect Investment Management SA as well as Drankensberg Capital 1 SA for BRL 625 million (USD 122.6 m/EUR 110.9 m) in total. The customer likewise took control of an internet debt of approximately BRL 620 million gotten with the Brazilian Development Bank (BNDES), according to the statement.

The purchase made Engie Brasil the owner of the 158.3-MWp Paracatu and also the 101.5-MWp Floresta plants.

Paracatu has actually been in operation because February 2019 and also gain from a 20-year sales arrangement for 34 typical megawatts (MWa) of its outcome. The 101.5 MWp Floresta solar farm, operational given that December 2017, has a 20-year contract for 25.1 MWa in position.