Neoenergia to buy wind projects from PEC Energia
22 September, 2020
Neoenergia Renováveis, a subsidiary of Neoenergia, has agreed to acquire wind power projects in Brazil with a total installed capacity of 400MW from PEC Energia. Spanning nearly 7,800ha, the projects are located in Serra da Gameleira, Bahia State.
Under the terms of the deal, Neoenergia will pay R$80m (US$12.5m) for the portfolio, depending on the achievement of certain milestones. The acquisition of the wind power projects is subject to CADE approval.
Neoenergia operates in 18 states in Brazil, serving more than 34m people with a distribution network of over 624,000km.