By Brazil Stock Guide – Brazil’s antitrust authority has approved, without restrictions, BTG Pactual’s takeover of the Anemus Wind project from 2W Ecobank through the execution of collateral, according to a decision published on Monday (15).
The project is held by Anemus Wind and its subsidiaries Anemus Wind 1, 2 and 3, which are indirectly controlled by 2W Ecobank, part of the 2W Energia group. The company is undergoing judicial recovery as it works to restructure its balance sheet. Financial terms of the transaction were not disclosed.
Located in the northeastern state of Rio Grande do Norte, the Anemus Wind complex is already operational and has an installed capacity of about 138.6 megawatts. Anemus Wind is responsible for managing the asset, which has been one of the group’s key renewable energy projects.
The approval comes amid broader efforts by 2W Ecobank to address its heavy debt burden. As part of that strategy, the company has previously transferred the Kairós I wind farm, with 120 megawatts of capacity, to U.S.-based asset manager Darby.
In negotiations with creditors, Anemus Wind had been pledged as collateral to BTG Pactual and Japan’s Sumitomo Group. The antitrust clearance allows BTG Pactual to proceed with the execution of the guarantee and assume control of the project.