In a recent move, European Energy and Impact Fund Denmark have gone on to sell the 93 MW Coremas solar park based in Paraíba, Brazil, to China Energy Overseas Investment Division in Brazil, called the CEEC Brazil, which happens to be an Energy China company.
The companies have confirmed that the sale happens to include three sites, which are Coremas I, II, and III, that happen to operate under a power purchase agreement that has been done with the Reserve Energy Auctions from Brazil.
European Energy remarked that the divestment syncs with its strategy in terms of developing renewable energy assets, which go on to attract long-term investors who happen to be committed to the energy shift.
The Coremas complex happens to produce 172.35 GWh of electricity every year, which is enough to power over 70,000 homes.
European Energy remarked that the project has gone on to create local jobs and at the same time has also supported social initiatives such as the COVID-19 relief programs.
Thiago Arruda, vice president and country manager for Brazil at European Energy, said that they are very pleased to accomplish this transaction and to witness that the Coremas solar park continue to offer their contribution to the renewable energy mix of Brazil under new ownership.
He went on to add that Brazil happens to have an ample amount of potential when it comes to solar energy and that this project goes on to demonstrate how international collaboration can very well support both clean energy generation andlocal economic development.
The managing director and co-head of green energy and infrastructure from Impact Fund Denmark, Reik Haahr Müller, said that the sale goes on to mark another successful exit when it comes to the Danish Climate Investment Fund.
He opines that Coremas has already generated a significant number of local benefits, and the communities shall continue to get the benefits out of the project.
He further added that the investment shows how private capital can get mobilized so as to speed up the green shift.
According to European Energy, it goes on to maintain a 600 MW pipeline in Brazil, which includes the likes of solar and wind projects, and as a matter of fact, it is also pursuing green fuel developments with Petrobras to go ahead and produce e-methanol in Pernambuco’s Suape.
