Equinor buys into Brazilian solar DG, battery storage co Micropower

• A company endeavor device of Norwegian business Equinor (OSE: EQNR) has actually taken a risk in Brazil-based battery storage systems and also solar dispersed generation (DG) business Micropower Comerc Energia SA (MPC).

The target additionally has strategies to create power storage for huge wind and also solar power generation projects in Brazil.

The regional Administrative Council for Economic Defense (CADE) has actually accepted the procurement by Equinor Energy Ventures Fund BV of 9.09% of MPC's overall as well as ballot funding on a totally thinned down basis, and also 32.33% of the share resources of the unique objective entities (SPEs) included by MPC to possess battery as well as solar DG possessions.

The proprietors of the target prior to the purchase consisted of Comerc Esco Comércio e Prestação de Serviços em Energia Ltda, Micropower Energy Inc, and also Siemens Financial Services Inc

The worth of the deal was not revealed in the files offered to CADE.