Brazilian energy trader 2W Ecobank SA announced on Wednesday that the deal it struck with local electrical equipment manufacturer WEG SA (BVMF:WEGE3) for the sale of a minority stake in a 138.6-MW wind farm portfolio was approved.
The approval was granted by 2W Ecobank’s general assembly of creditors.
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Under the partnership with the vehicle behind the wind portfolio, Anemus Wind Holding SA, WEG will also receive 30 MW average from the renewable energy facilities.
As previously mentioned, the energy supply agreement has a 20-year period, starting on January 1, 2024. The deal is valued at around BRL 970 million (USD 197.6m/EUR 184.2m).
The Anemus portfolio consists of three wind farms in the northeastern state of Rio Grande do Norte. Together, the trio is capable of meeting the annual demand of 370,000 homes.
(BRL 1.0 = USD 0.204/EUR 0.190)
