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Invenergy and Patria Investments have announced the acquisition of ContourGlobal and Eletrobras’ nearly 600-megawatt (MW) wind energy portfolio in Brazil. Invenergy will hold a 10% ownership stake in the portfolio, while Patria Investments will own the remaining 90%. Invenergy will also provide operations and maintenance services for the wind turbines.
Four projects, namely Asa Branca, Chapada I, Chapada II, and Chapada III, are located in Piauí and Rio Grande do Norte, Brazil, and are included in the wind energy portfolio.
“This first-of-its-kind transaction for Invenergy Services in Brazil expands our O&M portfolio of managed assets and makes Invenergy an owner of installed wind capacity in the country for the first time,” said Steve Dowdy, Executive Vice President at Invenergy. “The work we do at Invenergy Services is guided by our ‘owners’ mindset,’ and this opportunity reflects our commitment to excellent service at every project we operate.”
“The vast majority of Brazil’s installed wind capacity is situated in the northeast and through this strategic partnership, Invenergy now has a large-scale presence in that part of the country,” said Rodolpho Scheeffer, Vice President and Brazil Country Manager at Invenergy. “This transaction represents Invenergy’s commitment to the Brazilian market, and we look forward to seeing our increased workforce apply our unmatched expertise to this portfolio of projects in northeast Brazil and beyond.”
