Brazilian Servtec and Darby Acquire 64 MW of Renewable Energy

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).

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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.