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Brazilian Servtec and Darby Acquire 64 MW of Renewable Energy

Written by Paulo Nogueira
Published on 08/08/2020 at 07:26
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The Brazilian Portfolio in Renewables Includes Wind, Solar, and Thermal Operations with a Capacity Maximization Goal of 250 MW

The Brazilian energy company Servtec, in partnership with private equity manager Darby, acquired 64 MW of renewable energy assets in Brazil, said CEO Pedro Fiuza to Reuters on Thursday (5).

Read More About Renewables in Brazil

Darby, part of American Franklin Templeton Investments, and Servtec purchased the Dunas do Paracuru wind farm of 42 MW and the small hydroelectric power plant (PCH) Inxu of 22 MW from the Spanish group Inveravante for an undisclosed amount.

The transaction includes the assumption of debts with the National Bank for Economic and Social Development (BNDES) and the Bank of Northeast (BNB). Servtec will first focus on improving the performance of the assets, but at a later stage will consider refinancing the plants to reduce costs, according to the report.

Renewable Operations of the Brazilian Company and Installation Capacity

With this transaction, Servtec’s portfolio of operational wind installations and PCHs in Brazil grows to 173 MW. The company also has thermal power plants and distributed solar generation (DG).

Together, Servtec and Darby are looking to increase their DG solar energy portfolio to 250 MW by the end of 2021.

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.

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