Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped infrastructure fund Actis buy five wind power plants in Brazil from Portuguese utilities company EDP Renováveis for 1.2 billion reais (US$230 million).



Machado Meyer Advogados advised the seller.



The transaction closed on 12 February. EDP sold its 100% stake in the five power plants, which operate under the name Babilonia, to Actis. The windfarms, which are in the northern state of Bahia, have a 20-year concession awarded in an auction in 2015. They started generating power in 2018 and have a combined 137-megawatt capacity.



Actis, which is headquartered in the UK, focuses on emerging markets. It has wind power projects in Brazil, Chile, Mexico and Uruguay.

Counsel to Actis

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados

  • Partners Pedro Whitaker de Souza Dias, Tatiana Morais Penido, Victor Gelli Cavalcanti, Andrea Bazzo Lauletta and Ana Carolina Lima Nomura, and associates Alexandre Sales Cabral Arlota, Alex Yuri do Nascimento Gomes, Tamara Duarte de Oliveira, Arthur Cesar De Nicola, Marcos Roriz Jardim Filho, Maria Clara Vargas Vieira Astrachan, Gabriela Teixeira Pereira, Aimi Sagae Mello de Moura Dumans and Flavia Magliozzi

Counsel to EDP Renováveis

Machado Meyer Advogados

 

(Latin Lawyer - 20/03/2020)