Solar power station for sale in Sao-Paulo

Portuguese energy group EDP has put two major solar farms in São Paulo State up for sale, according to sources consulted by Valor. Negotiations are still in the early stages, and the assets are valued by the market at between R$1.6 billion and R$1.8 billion, based on their enterprise value—which includes both equity and net debt.

Some solar power plants in Brazil include the one in Ribeira do Piaui, which has an installed capacity of 292 MW and an area of 690 hectares. In Ribeira do Piaui and Bahia, there are solar power plants with installed capacities of 292 MW (Ribeira do Piaui) and 291 MW (Ituverava Solar Park), respectively, and both are supported by over 850,000 PV panels.

Castilho Solar PV Park is a 270MW solar PV power project. It is planned in Sao Paulo, Brazil. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase.

EDP has already executed several major asset sales in Brazil. In late 2021, British fund Victory Hills and Paraty Energia acquired the Mascarenhas power plant from EDP for R$1.23 billion. In 2023, the company sold transmission lines to private equity firm Actis in a R$2.7 billion deal.

Mergers and acquisitions in Brazil's solar energy sector surged 76% in 2024 compared to the previous year, according to consulting firm Greener. Despite tighter profit margins, the expectation is that M&A activity in the energy sector will remain strong in 2025.