EDP Brasil, a subsidiary of utility company EDP, has signed an agreement with Brazilian energy company Diamante Geração de Energia to sell its 20% stake in Pecem Geração de Energia, which owns and operates the Pecem coal plant.
The 0.20bn reais ($35.4m) transaction signifies EDP’s complete exit from the coal-fired power plant in the Brazilian state of Ceará.
Go deeper with GlobalData
The Pecém complex spans 17,000 hectares and features complete infrastructure to install new enterprises.
EDP divested 80% of its stake in Pecém to a consortium of Brazilian investors led by Mercurio Asset at the end of 2023.
The sale of the remaining stake in Pecém is part of its broader strategy to decarbonise its operations.
The transaction is subject to regulatory approvals and customary conditions.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataDespite divesting from the coal-powered segment of the Pecém complex, EDP will retain full control of the renewable hydrogen project within the same complex.
This project produced the first molecule of green hydrogen in December 2022 – a first for both EDP Group and Brazil in their energy transition efforts.
EDP is pursuing energy conversion plans across its facilities in Brazil, Portugal and Spain.
The company is also investing in the development of sustainable energy solutions, with a particular focus on green hydrogen.
In March 2025, ENGIE Brasil Energia signed an agreement with EDP to acquire two hydropower plants in northern Brazil for 2.9bn reais: 2.3bn reais in equity value and 671,000 reais in net debt.
