Danish wind energy giant, Vestas, is in advanced negotiations to acquire nine renewable energy projects in Brazil, owned by Voltalia. The operation, which includes early-stage wind and solar ventures, has already been submitted to the Administrative Council for Economic Defense (Cade).
The renewable energy sector in Brazil is buzzing with the news that Danish company Vestas, a global leader in wind turbine manufacturing and installation, is in the process of negotiating the acquisition of a package of nine clean generation projects from France’s Voltalia. The transaction encompasses both wind ventures, located in the Southeast and Central-West regions, and solar projects in the Northeast of the country.
Currently, these assets are organized into Special Purpose Entities (SPEs) and are in initial development phases. Details regarding the total capacity of the projects have not been disclosed, citing the confidentiality inherent in agreements of this nature.
The acquisition represents a strategic step for Vestas, aiming to expand its project development portfolio in the Brazilian market. The company reiterates that its operations in the country remain focused on providing technology and services for the wind energy supply chain, without directly acting as an energy generator or trader. This move aligns with the global strategy of Vestas Development, its division specialized in identifying and maturing energy projects.
On the other hand, Voltalia justifies the potential sale as part of its asset optimization and portfolio recycling policy. The French company reaffirms its commitment to the Brazilian market, which accounts for a significant portion of its global operations, and maintains its long-term growth plans in the country.
This move by Voltalia to divest assets occurs amid a sector restructuring, marking the company’s second divestment agreement in a short period. Recently, the company also negotiated the sale of energy connections for data centers in Ceará.
For Vestas, this potential acquisition adds to a series of recent moves in Brazil. The company has already demonstrated its strategy of developing projects up to the “ready to build” phase and subsequently selling them to investors. Recently, Equinor acquired a 229.5 MW wind complex from Vestas Development in Rio Grande do Norte, and a few months ago, Vestas also finalized the purchase of ten greenfield wind projects from Eneva in the same state.
The operation between Vestas and Voltalia now proceeds to the Cade regulatory approval process, a crucial step for the deal’s completion and the continued expansion of renewable energy in Brazil.
