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Announced

Engie Brasil to acquire a 882MW wind project from PEC Energia for $54m.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Renewable Energy Equipment

Private

Majority

Domestic

Pending

Friendly

offshore wind projects

Brazil

Acquisition

Synopsis

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Engie Brasil, a private-sector power producer, agreed to acquire a 882MW Serra do Assurua wind project in Bahia from PEC Energia, a provider of renewable energy services, for $54m. “We continue alert to the opportunities of acquisitions for furthering and accelerating our long-term growth in renewable generation. Now including Assuruá, our portfolio of projects at an advanced stage of development has now reached the 3 GW mark," Eduardo Sattamini, Engie CEO and Investor Relations Officer.

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