EDF, Serena conclude stake swap in 765-MW Brazilian renewables JV

EDF Renewables Brasil and Brazilian sector player Serena Energia SA (BVMF:SRNA3) have completed a share swap that puts an end to a joint venture associated with 765 MW of wind and solar assets.

Serena, through its subsidiary Serena Geracao, is now the sole owner of the 365-MW Ventos da Bahia Wind Complex in northeastern Brazil while the EDF unit takes 100% of the 400-MWp Pirapora Solar Complex.

Located in the state of Bahia, the Ventos da Bahia Wind Complex consists of three parks featuring 108 turbines. Pirapora, on the other hand, is located in the southeastern state of Minas Gerais, and its output is fully contracted under 20-year power purchase agreements (PPAs).

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