Neoenergia Invests R$ 80 Million in Wind Assets of PEC Energia, in Bahia

Written by Roberta Souza

Published on 21/09/2020 at 11:39

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Neoenergia, Private Electric Sector Company, Acquires Wind Assets from PEC Energia with Capacity of 400 MW in Serra da Gameleira, Bahia

Neoenergia, the largest private group in the Brazilian electric sector by number of customers, purchased wind assets with a capacity of 400 MW from PEC Energia for R$ 80 million. The assets are located in Bahia, in Serra da Gameleira, covering an approximate area of 7,800 hectares.

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The company stated in a press release that the transaction reflects a commitment to a long-term strategic plan and aligns with the group’s profitability policy and effective capital allocation. “It is also an action aligned with our efforts to increase participation in renewable energy sources in the Brazilian energy matrix, combating climate change.”

Furthermore, Neoenergia also noted that it has become the holder of the right to future exercise of the Purchase Option with PEC Energia for other wind projects in the Serra da Gameleira region. The Purchase Option may be exercised at the discretion of Neoenergia Renováveis.

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Neoenergia Invests R$ 80 Million in Wind Assets of PEC Energia, in Bahia

Neoenergia, Private Electric Sector Company, Acquires Wind Assets from PEC Energia with Capacity of 400 MW in Serra da Gameleira, Bahia

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Neoenergia Invests R$ 80 Million in Wind Assets of PEC Energia, in Bahia

Neoenergia, Private Electric Sector Company, Acquires Wind Assets from PEC Energia with Capacity of 400 MW in Serra da Gameleira, Bahia

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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