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Actis said to acquire Gestamp's wind parks in Brazil

London-based Actis will become the second-largest energy company in Brazil, after signing a deal to acquire all of Gestamp Renewables Corp's wind parks in the country.

Photo: LM Wind Power

Actis LLP signed a deal to acquire all of Gestamp Renewables Corp’s wind parks in Brazil, a move that will make the U.K. private equity firm the second-largest renewable energy company in the country, people familiar with the matter said.

The London-based Actis agreed to buy 416 megawatts of wind parks, the people said, asking not to be identified because the matter hasn’t been made public. Most of the assets -- more than 300 megawatts -- are operating, while the remainder are under construction. The deal could fetch 2.5 billion reais ($761.5 million), according to estimates from Bloomberg New Energy Finance.

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