Brazilian Wind Farm Acquired After Technical Review

Posted by Amanda Fava on May 08, 2017 No Comments
Categories : Projects & Contracts

Following technical due diligence support from K2 Management and energy consultancy TNEI, independent power producer AES Tiete Energia acquired the 386 MW Alto Sertao II wind portfolio, located in Brazil, for $193 million.

According to K2, the 230-turbine portfolio is spread across 15 sites in the Bahia region of Brazil, and this acquisition represents a positive move in the Brazilian energy market, given the uncertainty surrounding the cancellation of the energy auction late last year.

Energy specialists reviewed the turbine and balance-of-plant technology and performance; assessed energy yield; and conducted civil, grid and electrical design reviews. The team also provided an independent energy yield assessment based on production data for the portfolio, the company notes.

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