EDF Renewables and Serena conclude the share swap in renewable projects
Rio de Janeiro, March 28th, 2024 – EDF Renewables Brasil and Serena Geração (formerly Omega Geração S.A.) have concluded, on March 28, 2024, the share swap operation of their respective stakes in the assets of the Pirapora Solar Complex and the Ventos da Bahia Wind Farm.
With the completion of the operation, EDF Renewables Brasil becomes the sole owner of 100% of the Photovoltaic Plants that make up the Pirapora Solar Complex, including phases 1, 2, and 3, and Serena Geração becomes the sole owner of 100% of the Wind Turbines that make up the Ventos da Bahia Wind Farm, including phases 1, 2, and 3. The companies thus conclude the joint venture between them.
About the Ventos da Bahia Wind Farm:
The park is composed of three phases that total an investment of R$ 1.85 billion, financed by BNB and BNDES. Ventos da Bahia has 108 wind turbines, with a total installed capacity of 365 MW. The asset has several power purchase agreements in the free market (ACL) and in the regulated market (ACR) and has invested over R$ 3.6 million in social projects in nearby communities. Ventos da Bahia was a project built and operated by EDF Renewables. The respective phases of the project were acquired by Serena (formerly Omega Geração) starting in 2020, with a 50% stake. With the completion of the share swap, the Ventos da Bahia Wind Farm is no longer part of the portfolio of assets operated by EDF Renewables.
About the Pirapora Solar Complex:
The Pirapora Complex is located in southeastern Brazil, in the state of Minas Gerais. The Pirapora Photovoltaic Plants have a gross capacity of 400 MWp and represent one of the largest solar complexes in South America. The solar energy generated is fully contracted through 20-year power purchase agreements. The park received an investment of over R$ 2 billion, including financing from BNDES and BNB. EDF Renewables took the lead in the construction, financing, and operation of all phases. In 2018, Serena (formerly Omega Geração) acquired 50% of the complex. EDF Renewables has always been responsible for the management of the solar asset. With the completion of the share swap, EDF Renewables Brasil becomes the sole owner of the Photovoltaic Plants.
About EDF Renewables:
EDF Renewables is an international energy company which develops, builds and operates renewable power generation plants. As a major player in the energy transition worldwide, EDF Renewables deploys, within EDF, competitive, responsible and value-creating projects. In every country, our teams show their commitment to local stakeholders every day, adding their expertise and capacity for innovation to the fight against climate change. At the end of 2023, EDF Renewables operates a net installed wind and solar capacity of 12.8 GW worldwide. Mainly present in Europe and North America, EDF Renewables is pursuing its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and in the Middle East. Historically active in onshore wind and photovoltaics, the Company is now strongly positioned on offshore wind and floating wind as well as in new technologies such as energy storage, floating solar and agrivoltaism. In Brazil since 2015, EDF Renewables do Brasil is one of the country’s leaders in the renewable energy sector, totaling more than 1.8 GW in viable solar and wind energy projects in Bahia, Minas Gerais and Paraíba.
