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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

EU Commission still has no roadmap for price ceiling

Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.

Further reading

Related articles

Latest News

See all jobs