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Another Foreign Player in the National Solar Energy Sector: Valmont Acquires Majority Stake in Brazilian Company PV Solbras

Written by Paulo Nogueira

Published on 08/06/2020 at 09:17

Updated on 08/06/2020 at 09:20

Renewable Energy

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Valmont Industries, a supplier of engineering products and services, announced last Thursday (04) that it acquired a majority stake in the Brazilian solar company Energia Solar do Brasil (Solbras).

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The solar energy business will now be marketed under the Valley brand, effective immediately. Valmont did not disclose how much it paid for the controlling stake or its exact size.

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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.

Another Foreign Player in the National Solar Energy Sector: Valmont Acquires Majority Stake in Brazilian Company PV Solbras

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