GDF buys Brazilian wind developer

Tractebel Energia – the Brazilian subsidiary of French power giant GDF Suez – has agreed to buy wind developer CLWP Brasil.

Tractebel Energia will pay R$22.6m ($11.1m) for CLWP’s seven project companies, which are developing a 206MW wind portfolio in the municipalities of Umburanas and Sento Sé, 420km from the city of Salvador in the state of Bahia.

The deal is subject to certain contractual conditions and will be carried out via a Tractebel Energia subsidiary.

Tractebel Energia will also acquire further projects totalling 150MW being developed by CLWP in the same region. That deal, worth a further R$16.5m, is subject to approval of environmental licences, which the company says is “nearing Log in to read complete article.

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