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EDP Brazil to sell 198 MW Mascarenhas hydropower plant

  • 1 year, 10 months ago (2022-09-02)
  • David Flin
Hydropower 116 Latin America 77

EDP Brazil has agreed to sell its 198 MW Mascarenhas hydropower plant to Victory Hill Global Sustainable Energy Opportunities (GSEO) of the UK for $235 million. The plant is a run-of-river facility located in the Brazilian state of Espírito Santo and has been operational since 1974. Completion of the deal is subject to the customary regulatory approvals.

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Mascarenhas has long-term PPAs with local utilities, which generate over 60 per cent of its revenues. Its sale is part of a strategy by EDP Brazil’s parent company, EDP , to increase its investments in solar power generation.

GSEO said that it expects the Mascarenhas facility to provide: “strong and sustainable” cashflow, and that it has a useful life estimated at 45 years.