Patria, Invenergy Acquire Nearly 600 MW of Wind Power in Brazil

July 5, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)-- Patria Investments (NASDAQ:PAX) (Cayman Islands) and Invenergy LLC (Chicago, Illinois) have acquired a wind-energy portfolio of nearly 600 megawatts (MW) in Brazil from CountourGlobal (London, England) and Electrobras (NYSE:EBR) (Rio de Janeiro, Brazil). Patria and Invenergy picked up four windfarms in Piaui and Rio Grande do Norte; Patria will hold 90% of the shares, and Invenergy will hold 10%. The latter will operate and maintain the wind turbines. The portfolio includes the Asa Branca, Chapada I, Chapada II and Chapada III windfarms in the states of Piaui and Rio Grande do Norte. Their output is sold to distribution companies through long-term contracts awarded through organized renewable energy actions, according to Invernergy's statement.