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Brazil's Vila Energia sells wind complex to France's Total -Report

Power News - Published on Thu, 18 Apr 2019

Image Source: Hart Energy
Reuters reported that Brazilian energy company Vila Energia Renovável sold 90 percent of wind power complex Terra Santa to France’s Total SA. Fernando Estevão de Meneses, a partner at Vila Energia, told Reuters the company will retain a 10 percent stake in the project, in Brazil’s northeast region. He declined to disclose financial details of the transaction, which was negotiated with Total’s arm for renewable energy, Total Eren.

The French company has plans to grow in clean energy generation globally. It had previously bought three solar parks in Brazil, with a combined capacity to produce 140 megawatts.

The Terra Santa wind complex, in the state of Rio Grande do Norte, has a long-term power supply contract already signed. It will require 410 million reais (USD 105 million) to be completed and is expected to start production in 2021.

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Posted By : Sanju Moirangthem on Thu, 18 Apr 2019
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