Brazilians make backyard gain
AES Tietê Energia acquires the 386MW Alto Sertão 2 wind portfolio
AES Tietê Energia has acquired the 386MW Alto Sertão 2 wind farm portfolio in Brazil for $193m.
The portfolio consists of 230 turbines spread across 15 sites in the Bahia region of the South American country.
Consultancies K2 Management and TNEI provided technical due diligence to AES Tietê Energia during the acquisition.
The due diligence included a review of the turbine and balance of plant technology and performance, an energy yield assessment, civil, grid and electrical design review and a technical review of the operation and maintenance contracts.
AES Tietê Energia president Ítalo Freitas said: “This project marks an important acquisition in the company’s drive towards diversifying our energy portfolio and achieving our growth goals by 2020.”