ENGIE to acquire Atlas Energia Renovável do Brasil for €618m.

ENGIE, an energy company, agreed to acquire Atlas Energia Renovável do Brasil, a solar photovoltaic plant, for €618m. "This acquisition is fully in line with ENGIE’s strategy. It strengthens the Group's portfolio of renewable assets in operation and its presence in Brazil. The opportunistic acquisition of operating assets has become an attractive option for efficiently expanding ENGIE businesses, at this time in the market, benefiting from synergies with existing operations. This tuck-in transaction also contributes to our ambition to reach 50 GW of installed renewable capacity by 2025 and 80 GW by 2030," Paulo Almirante, ENGIE Senior Executive Vice President Renewables.