A Atiaia Renewables just acquire da Ibitu Energia two photovoltaic plants in the south-central region of Bahia: the UFV Verde Vale III, located in the municipality of Guanambi, and the UFV Assuruá, located in Itaguaçu da Bahia.
Os solar parks are already in operation and have capacity installed de 44,8 MW. Both have long-term contracts valid until 2037 and acquired via Reserve Energy Auction.
With the inclusion of the two systems in the portfolio, Atiaia increases its installed capacity to 421 MW in energy projects from renewable sources, with 266 MW in operation and a further 155 MW pre-operational. Of this total, 100 MW comes from solar sources.
“The acquisition of Verde Vale III and Assuruá is an important step in our growth and source diversification strategy. Atiaia will start to operate the two solar parks via our state-of-the-art COG located in Cuiabá”, says Rodrigo Assunção, CEO of Atiaia Renováveis.
“With the sale of these assets, Ibitu reinforces its capital recycling strategy, as it has in its DNA the constant search for opportunities to build, buy and sell assets”, stated Ricardo Santos, CFO and Interim CEO of Ibitu.
The sale process was advised by BTG Pactual and Tauil & Checker Advogados, associated with Mayer Brown and Atiaia Renováveis by G5 Partners and Machado Meyer Advogados.
According to the company, the transaction will be completed after CADE approval and compliance with certain precedent conditions.
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