After reaching 261MW of built wind capacity in Brazil and obtaining the second-largest loan by the National Development Bank (BNDES), Rio Energy – the Brazilian renewables arm of US private equity fund Denham Capital – is still bullish about the country and expects to add another 700MW solar and wind capacity over the next five years.
“We are an agile company that looks for projects with best price and highest return in the tenders so as not to compete with the big international utilities,” Marcos Meireles, Rio Energy’s CEO, tells Recharge.
