Denham Capital Fund wind-generating mira also solar energy in Brazil

SÃO PAULO-Rio Energy, which has invested in wind power plants in Brazil since 2012, intends to expand the performance also for solar generation, what might happen with participation in public auctions for hiring new ventures or even via acquisitions, said the Chief Financial Officer of American Fund controlled generating Denham Capital. The movement of the private equity fund, which has raised more than 9 billion dollars for investment in energy and mining assets in several countries, shows the appetite of international investors for renewable generating assets in Brazil even amid the economic and political crisis in the country. The River Energy has implemented approximately of 260 megawatts in wind power plants in Brazil and has about 220 megawatts under construction, investments totaling approximately to 3 billion reais. "The interest in Brazil is very high. What we managed to do in 2012 market here we would like to replicate or do even more in the next five years, "said Reuters Roberto Colindres, that in addition to the Board of Finance collects Legal areas and River Energy sustainability. "The appetite is still great and we''re working to accomplish this," he added. He said the company has about 1 gigawatt in new projects to be entered in the auction and awaits the resumption of bids later this year, after the Government did not hire new renewable power plants in 2016 due to the fall in demand for electricity in the midst of the recession. But, while the bids don''t come back, the company has evaluated a number of acquisition opportunities available in the market, so how much solar wind. "We look for acquisitions in a fairly opportunistic Silvana. Our goal isn''t to be the biggest, or have '' X '' megawatts, we want projects with good returns and of high quality, and we always try to position themselves to be able to take advantage of the opportunities in the market, "said Colindres. He stated that the focus of the River Energy in possible acquisitions is on projects that are just on paper or plants that already have long-term contract for selling stock, but have not yet completed works. "We see projects in all stages off to market ... for Energy River, would probably be (target acquisition) pré-PPA projects (energy marketing contract) or with PPA, but before the completion of the construction. We understand that at that stage we can add more value in the projects ", explained the Executive. WORKS in PROGRESS Currently, Rio Energy constructs in Bahia the complex Saw wind of Babylon, with about of 220 megawatts. The company is expected to deliver the project in full operation in October 2018, just before the contractual obligation, which is Nov. Complex plants will use wind generators from Enercon Wobben, according to the German Chief Financial Officer, which provides performing over the next 12 months a catchment of about 200 million reais with debentures to finance the construction. "We are on track to receive the first disbursement of the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and we intend to also issue debentures of infrastructure," he said.