AES Tietê acquires 150MW solar park in Brazil

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Brazilian firm AES Tietê has acquired the 150MW Guaimbê solar park in São Paulo state, Brazil, from Cobra do Brasil.

The solar project had been controlled by five specific purpose entities (SPEs) held by Cobra do Brasil.

After working capital adjustments, the transaction cost a total of BRL607 million (US$146 million).

The Guaimbê solar park has a 20-year power purchase agreement (PPA) and is already in commercial operation.

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