View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 16, 2020updated 18 Aug 2020 4:44am

Castlelake’s Ibitu Energia to invest $837m in renewable energy assets

Brazil’s Ibitu Energia has reportedly planned to invest nearly $837m (BRL4.5bn) in renewable energy assets over the next five years.

Brazil’s Ibitu Energia has reportedly planned to invest nearly $837m (BRL4.5bn) in renewable energy assets over the next five years.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

US-based asset management company Castlelake owns Ibitu Energia. Reuters reported that Castlelake agreed to acquire assets from Brazilian engineering group Queiroz Galvao last year.

These assets include wind power plants and a hydroelectric facility with a combined capacity of 832MW.

Ibitu Energia CEO Gustavo Ribeiro was quoted as saying the move is part of the company’s plan to double its power generation capacity in Brazil by purchasing or building power plants.

The statement showed the company’s plans to build new solar and wind projects with a total capacity of 1.2GW.

In January this year, the Brazilian Development Bank (BNDES) approved $235m (R$1bn) funding for the construction of six wind farms and an associated substation by EDP Renewables, in the state of Rio Grande do Norte.

With a total installed capacity of 319.2MW, the project included the installation of 76 wind turbines across six wind facilities. Once completed, it will generate sufficient energy to power 800 homes in the region.

The funding from BNDES will cover approximately 70% of the total investment required for the project. The wind farms were planned to be built across three municipalities, including Jandaíra, Lajes and Pedro Avelino, with the construction works scheduled to begin in January next year.

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology