Copel acquires EDP Brazil’s wind power portfolio

The acquisition is part of the company’s growth strategy in renewable energy.
Copel Geração e Transmissão, a wholly owned subsidiary of Copel (CPLE6), reported that, this Thursday (6), it signed a contract for the acquisition of 100% of the Santa Rosa & Mundo Novo (SRMN) and Aventura Wind Complexes currently owned of EDP Renováveis ????Brasil S/A., totaling 260.4 MW of installed capacity.

The total value of the transaction (Enterprise Value) is R$ 1,803 billion, with an Equity Value of around R$ 965 million, subject to adjustments until the closing date of the transaction.

The Wind Complexes comprise nine wind farms in operation (brownfield), located in the municipalities of Touros and São Tomé in Rio Grande do Norte, a region considered one of the best in the world for wind power generation.
The acquisition is part of the company’s renewable energy growth strategy, expands the diversification of the generation matrix and is fully aligned with its investment policy.

The project has long-term financing (maturity until 2043) contracted with Banco do Nordeste (BNB), with rates of IPCA +2.19% p.a. (Complex Aventura) and IPCA + 1.98% p.a. (Santa Rosa & New World Complex).

The base date of the transaction is December 31, 2021, therefore, once the transaction is closed, the cash flow obtained during 2022 will be appropriated by Copel Geração (Caja Closed).