France's Albioma goes into Brazilian solar market with 32-MWp acquisition

• French independent renewable energy producer Albioma SA (EPA: ABIO) has actually set foot into the Brazilian solar market after purchasing a 31.6-MWp portfolio of solar (PV) parks in the South American country.

Albioma said on Monday it has acquired the companies that own six dispersed solar plants from power remedies carrier and power producer GreenYellow. The PV parks are located across 4 states in Brazil as well as sell their output to "high-quality counterparties."

The bargain will certainly better increase Albioma's presence and also diversify its company in Brazil, where it has actually been running in the biomass segment given that 2014.

The deal was cleared by the Brazilian competitors authority CADE recently, with the contract undergoing cost changes, the French firm stated.

Albioma, which is currently the target of a takeover bid from United States buyout firm KKR & Co Inc (NYSE: KKR), runs biomass and solar power plants in metropolitan and also abroad France, Mauritius and also Brazil, as well as additionally has geothermal centers in Turkey. Its portfolio surpasses 1 GW.