Transactions - MAY 17, 2017

Actis acquires two Brazil wind farms

by Jody Barhanovich

Actis has announced that its newly created wind platform, Echoenergia, has acquired 100 percent of two operating wind farms in the northeast of Brazil, from Brazilian wind developer Casa dos Ventos. Actis did not disclose the sales price, but the project is contracted to a 20-year power-purchase agreement.

Actis acquired the wind farms through its fourth energy fund, Actis Energy Fund 4, which closed in March on $2.75 billion, exceeding its $2 billion fundraising target. The fund invests in select countries in Latin America, Africa and Asia, while targeting control investments in electricity generation and electricity distribution businesses.

The two wind farms total 346 megawatts. Tiangua, located in Ceara state, has an installed capacity of 130 megawatts and Sao Clemente, located in Pernambuco state, has 216 megawatts. The acquisitions are seed assets for Echoenergia, the fifth such energy platform that Actis has built in Latin America.

“Brazil is Latin America’s largest economy and its wind resources are among the best in the world,” says Michael Till, co-head of Actis Energy.

Actis has previous experience investing in the renewable energy sector in Latin America with an understanding of the Brazilian energy market as well.

With the newly created platform, Echoenergia, Actis aims to expand its investments in the Brazilian renewable energy sector, following its Atlantic Energias Renovaveis, a renewable energy platform with 652 megawatts of fully contracted assets.


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