Votorantim Energia, CPPIB form JV to invest in renewable energy in Brazil

Facebook
Twitter
LinkedIn
Reddit
Email
The venture already manages two wind parks with a combined generation capacity of 565MW in northeastern Brazil. Image: Slimdandy / Flickr

Brazil’s Votorantim Energia, managed by Votorantim SA, and the Canada Pension Plan Investment Board (CPPIB) agreed to form a 50-50 joint venture company that will invest in renewable energy across Brazil, Reuters reports.

Votorantim Energia chief executive Fabio Zanfelice told Reuters that the new JV will look at the subsidiaries expected to be sold by Brazil’s state-controlled power company Centrais Elétricas Brasileiras SA as a way to grow.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The venture already manages two wind parks with a combined generation capacity of 565MW in northeastern Brazil, but it is looking for expansion opportunities throughout the renewables sector in Brazil.

“Both partners have the desire and the capital to grow. We are not setting targets, we are looking for good deals that deliver good returns for shareholders,” Zanfelice told Reuters.

In particular, the JV is interested in the development of hybrid parks in Brazil, which will see PV, wind and energy storage all developed within one site.

“Adding solar panels in the wind parks would complement production, and the batteries would stabilize the generation,” Zanfelice said.

Read Next

September 1, 2025
Meridian Energy and Nova Energy have completed agreements to establish a 50-50 joint venture (JV) to build and operate the 400MW Te Rahui solar PV power plant near Taupō, New Zealand.
August 29, 2025
Meridian Energy and Nova Energy have established a JV to build and operate a 400MW solar plant in Rangitaiki near Taupo in New Zealand.
August 28, 2025
Latin America has the potential to unlock billions in clean energy investment if it aligns national policies with global sustainability goals and investor expectations.
August 12, 2025
US solar tracker manufacturer Nextracker will supply 1.5GW of its products to a Brazilian solar PV hybrid project portfolio.
August 6, 2025
Independent power producer (IPP) Scatec has secured BRL150 million (US$27 million) for its 142MW solar PV plant in Minas Gerais, Brazil. 
July 28, 2025
Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines