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Nebras Energy completes the acquisition of a majority
stake in four solar projects in Brazil
31 October 2019
Nebras Energy Investment Management PV, A Dutch subsidiary of Nebras
Energy ("Nebras"), has completed the acquisition of four
electricity generating through solar energy in Brazil. For
Nebras, this acquisition is a key step to start investing in
Latin America, where the company currently has significant
assets in Europe, Asia and the MENA region.
The majority-owned portfolio is considered one of the largest solar
Photovoltaic (PV) projects in Latin America with a total
production capacity of 482.6 MW as follows:
Salegueiro Solar Holding
:
Total production capacity of 114.3 Mega Watt
Francisco Sa Solar Holding SA
:
Total production capacity of 114.3 Mega Watt
Jaiba Solar Holding SA
:
Total production capacity of 101.6 Mega Watt
Lavras Solar Holding SA
:
Total production capacity of 152.4 Mega Watt
Eng. Fahad Bin Hamad Al Mohannadi, Chairman of Nebras Energy, said:
“We are very pleased with this important acquisition. We have
been always very much interested in the booming power sector in
Latin America in general and Brazil market in particular
distinguished for its rapid growth and development.
"This significant investment in Brazil will serve as the
cornerstone for Nebras' future expansion in North and South
America."
As part of the signed agreement, Canadian Solar will retain a 20%
stake in the projects. Nebras and Kandyan Solar will collaborate
on project management and construction of solar power plants.
The first project in the portfolio, Salgero, was started this
year and will finish the other constructional works for
commercial operation by 2020. In regards to the other three
projects, it is expected to finish the constructional works and
development and commence the commercial operation by 2021. With
the completion of these projects, it will be one of the largest
solar energy portfolio in Latin America.
On this occasion, Eng. Khalid Mohamed Jolo, CEO of Nebras Energy,
said: “Nebras is committed to its goal of becoming a
world-leading energy developer. This acquisition to solar power
project portfolio in Brazil reflects our striving to invest in
renewable power projects that will avail sustainable solutions
in field of power generating on the long run, at the same time
contributing to our success in becoming a leading global energy
developer. ”
About Nebras Energy
Nebras Energy, headquartered in Doha, Qatar, is a joint stock
company between Qatar Electricity and Water Company (60%) and
Qatar Holding (40%). Nebras is considered a strategic investor
with a global vision in the energy and water sectors. Nibras
Energy's goal is to build a balanced investment portfolio in
terms of technological diversity and markets through the
development of new and existing projects. The company is
committed to providing safe, sustainable, efficient and
environmentally sound energy solutions for future generations
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