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Growth Strategy in Focus with New 44.8 MW Assets
In a notable strategic move, Atiaia Renováveis confirms its dominant position in the market by acquiring two promising Photovoltaic Plants from Ibitu Energia, located in the heart of central-southern Bahia.
Solar Power in Action These plants, named UFV Verde Vale III and UFV Assuruá, located in the municipalities of Guanambi and Itaguaçu da Bahia, are no newcomers to the energy scene. Already operating at full capacity, they together boast an impressive installed capacity of 44.8 MW. Furthermore, these solar parks hold long-term contracts extending until 2037, acquired through the renowned Reserve Energy Auction.
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With this shrewd acquisition, Atiaia Renováveis elevates its game in the renewable energy market, increasing its total installed capacity to a colossal 421 MW. Of this amount, 266 MW are already fully operational, while 155 MW are in pre-operational phase. It is worth noting that, from this vast portfolio, 100 MW come from the power of the sun.
Leadership in Words The CEO of Atiaia Renováveis, Rodrigo Assunção, did not hide his enthusiasm about the news: “The acquisition of Verde Vale III and Assuruá marks a crucial phase in our journey, aligning us even more with the diversification of sources. We are ready to manage these two solar giants through our state-of-the-art COG in Cuiabá”.
On the other hand, Ibitu Energia, through Ricardo Santos, its CFO and Interim CEO, outlined the sale as part of its ongoing capital recycling strategy, reflecting the dynamic and adaptive nature of the company.
Partners in the Journey The sale did not occur in isolation, and big names played vital roles. BTG Pactual, along with Tauil & Chequer Advogados associated with Mayer Brown, provided advice to Ibitu. In turn, Atiaia Renováveis benefited from the expertise of G5 Partners and Machado Meyer Advogados.
As is customary in negotiations of this caliber, the final closing of the transaction awaits approval from CADE, in addition to fulfilling certain preconditions. For now, the market keeps a close eye on the future movements of these energy giants.
Source: Atiaia Renováveis.
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