Brazilian renewables company CPFL Renováveis concluded the acquisition of independent wind power company Rosa dos Ventos and its two wind farms in northeastern Brazil with a combined capacity of 13.7MW for R$70.3m ($30m), the company said in a statement.
CPFL’s total operating installed capacity by 1% to 1.296GW.
agreement also includes assumption by CPFL of R$33.1m of debt, bringing the
total value of transaction to R$103.4m.
had been agreed in June 2013 for an estimated value of R$99.7m, including R$37.7m
price was decided after analysis of the two wind power assets – the 10.5MW
Canoa Quebrada and the 3.2MW Lagoa do Mato, both operational and located in the
northeastern state of Ceará.
wind farms were built within Proinfa, the government’s incentivised
renewables program of the 1990s.
announced in February 2014 the acquisition of independent renewable company