Equinor has signed an settlement with Denham Capital to accumulate Rio Power, a number one onshore renewables firm in Brazil.
The transaction consists of chosen belongings and the workforce, whereas Denham Capital will retain sure belongings. With the acquisition, Equinor strengthens its place as a broad vitality firm within the Brazilian market.
“Via Rio Power, Equinor will take a number one place within the quickly rising Brazilian renewables trade. It accelerates manufacturing and money movement, offers us a robust platform for development, and provides capabilities and a horny undertaking pipeline,” says Pål Eitrheim, Equinor’s government vice chairman for Renewables.
The deal is in keeping with Equinor’s technique which incorporates rising its onshore…
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Extra: Official Press Launch Equinor
Key phrases:Equinor, Rio Power, onshore, Brazil, renewables, Denham Capital, manufacturing, wind farm, developer, portfolio