French Albioma strategies acquisitions on Brazil's DG solar market

Mar 6, 2023 05:23 PM ET
  • French independent renewable energy producer Albioma SA (EPA: ABIO) claimed recently it is searching for new acquisitions to broaden its Brazilian distributed generation (DG) solar portfolio.
French Albioma strategies acquisitions on Brazil's DG solar market
Image: Marco Bellucci

The company is targeting both operational and also under-development projects classified as GD I, meaning they have the right to complete payment of all the components of the electrical power tariff until 2045.

In order to achieve its goal, Albioma hired Watt Capital, an economic advising company being experts in Brazilian renewable resource financial investments as well as financing.

Albioma entered the Brazilian solar market in August 2022 with the acquisition of a 31.6-MWp portfolio of photovoltaic (PV) parks in Sao Paulo, Goias, Piaui as well as Pernambuco states.

Albioma's Brazilian unit chief executive officer Christiano Formam stated the business will focus on purchasing greenfield projects situated in the states of Mato Grosso, Mato Grosso do Sul, Goias, Distrito Federal, Ceara, Piaui, Pernambuco, Rio de Janeiro, Minas Gerais and Sao Paulo. Concerning operational plants, Albioma will certainly evaluate any DG solar energy system of over 1 MW.

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