Voltalia, a renewable energy power producer, sold its 420 MW solar project to Newave Energia, a partnership between Gerdau and Newave FIP in Brazil.
Newave Energia will rely on Voltalia to construct and maintain electrical infrastructure. Newave Energia’s future photovoltaic power plants will avoid the emission of approximately 350 kilotonnes of CO2 annually.
“Our success with the Arinos cluster demonstrates our skill in developing high-quality energy projects. It not only adds to our future project pipeline of sites to be built but also lets our partners contribute to renewable energy growth. We’re delighted to be joining forces with Newave Energia”, said Sébastien Clerc, CEO of Voltalia.
The project sold is a part of the larger Arinos cluster. The cluster has a total potential capacity of over 1.8 GW, and Voltalia will be responsible for developing the entire cluster, including this sold project. The whole site will benefit from the cost savings due to its size, and Newave Energia’s project will play a significant role in this.
According to Mercom’s 1H and Q2 2023 Solar Funding and M&A Report, in the first half (1H) of 2023, 116 solar project acquisitions totaling 25.5 GW were announced compared to 148 project acquisitions totaling 37.8 GW in 1H 2022.
Advanced Power, an independent renewable energy power producer, announced the sale of Oriana Solar LLC in Texas to Sabanci Renewables, a subsidiary of Sabanci Holdings. Oriana Solar is a 232 MWdc solar power generating facility with a co-located 60MW/120 MWh battery storage capacity in Victoria County, Texas. The project is expected to bring clean power to the Texas electricity markets and serve the load centers in the Gulf Coast region of Texas, including Houston, Corpus Christi, and Freeport.