Brazil's Cemig acquires 26.2 MW power plant for R$155 million

en.Wedoany.com Reported - Brazilian company Cemig Sim announced the acquisition of the entire share capital of three Special Purpose Companies (Sociedades de Propósito Específico) for R$155 million. These three companies own 11 distributed generation (GD) photovoltaic power plants with a total installed capacity of 26.2 MWp.

These distributed generation assets are located in four cities in northern Minas Gerais: Riachinho, São Romão, Brasilândia de Minas, and Porteirinha. The acquisition aligns with Cemig's strategic plan to optimize its asset portfolio and enhance operational efficiency.

The acquisition was announced on June 3, with the counterparty being Potenza, a company focused on hydropower construction. Cemig Sim stated that it seeks to achieve commercial, administrative, and operational synergies through this transaction.

In November last year, Cemig Sim also announced an equity restructuring of 11 photovoltaic power plants owned by Mori Energia, a subsidiary of Comerc, to further consolidate its presence in the renewable energy sector.

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