Brasil aprova aquisição da EDP GRID de 2 sistemas de geração solar distribuída

Brazil Approves Acquisition of EDP GRID of 2 Distributed Solar Generation Systems

Written by Paulo Nogueira

Published on 13/05/2020 at 07:36

Brasil aprova aquisição da EDP GRID de 2 sistemas de geração solar distribuída

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The Administrative Council for Economic Defense (CADE) of Brazil approved the acquisition of two distributed solar generation (DG) systems by EDP GRID Intelligent Distribution Network Management SA.

The unit of EDP Energias do Brasil SA (BVMF: ENBR3) is acquiring the DG solar assets through the complete acquisition of the Brazilian energy company UFV SP V Equipamentos Fotovoltaicos Ltda, a unit of the solar company GDSolar. The latter’s business includes the development of solar projects for future sales.

The approval of the transaction was granted unconditionally, CADE said on Tuesday. The systems being acquired are located in the municipality of Taubaté, São Paulo state. Their capacity has not been disclosed.

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The transaction represents an opportunity for the EDP Group to develop new photovoltaic (PV) generation projects in the country, expand its renewable generation portfolio, and attract new customers, CADE notes.

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