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

Written by Paulo Nogueira Published on 13/05/2020 at 07:36

Renewable Energy

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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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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

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