Petrobras signs wind farm deal

Petrobras signs wind farm deal

M&A Equity Project & Infrastructure Finance Energy Renewable Wind Brazil

Brazil's state-owned oil company Petrobras said it signed two contracts to sell its stakes in the Mangue Seco wind farm complex to V2I Transmissão de Energia Elétrica, part of the local investment firm Vinci Partners, for BRL132 million ($24.5 million). Petrobras said it will receive BRL42.5 million in a single installment for its 49% stake in Eólica Mangue Seco 1 and BRL89.9 million for its 49% in Eólica Mangue Seco 3 and Eólica Mangue Seco 4, split between BRL22.5 million upfront on signing th

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