Wedoany.com Report-Nov. 8, European Energy and Impact Fund Denmark have sold the 93MW Coremas solar park in Paraíba, Brazil, to CEEC Brazil, the local investment division of Energy China. The transaction covers three sites—Coremas I, II, and III—which operate under power purchase agreements with Brazil’s Reserve Energy Auctions.

The Coremas complex generates 172.35 GWh of electricity annually, sufficient to supply over 70,000 homes. European Energy noted that the project created local employment opportunities and supported social initiatives, including COVID-19 relief programs.

Thiago Arruda, European Energy vice president and country manager for Brazil, said: “We are pleased to complete this transaction and to see the Coremas solar facilities continue their contribution to Brazil’s renewable energy mix under new ownership.” He added: “Brazil has significant potential for solar energy, and this project demonstrates how international collaboration can support both clean energy generation and local economic development.”

Reik Haahr Müller, managing director of Impact Fund Denmark and co-head of green energy and infrastructure, stated: “The sale marks another successful exit in the Danish Climate Investment Fund.” He emphasized: “Coremas has generated significant local benefits, and the communities will continue to benefit from the project. The investment demonstrates how private capital can be mobilised to accelerate the green transition.”

European Energy highlighted that the divestment aligns with its strategy of developing renewable energy assets that attract long-term investors committed to advancing the energy transition. The company maintains a 600MW renewable energy pipeline in Brazil, comprising both solar and wind projects. Additionally, European Energy is pursuing green fuel developments in partnership with Petrobras to produce e-methanol in Suape, Pernambuco.

The sale of Coremas illustrates the growing role of international collaboration in Brazil’s renewable energy sector, promoting clean power generation while supporting economic and social development at the local level. By transferring ownership to CEEC Brazil, the project is expected to continue delivering sustainable energy and community benefits, demonstrating the potential for private and international investment to expand Brazil’s solar capacity.

Through this transaction, European Energy and Impact Fund Denmark reinforce their commitment to creating scalable renewable energy projects while mobilizing capital for sustainable growth. The Coremas solar park serves as a model for integrating clean energy production with local job creation and social contributions, showcasing how infrastructure investments can drive both environmental and community benefits.

This strategic divestment also positions CEEC Brazil to further expand its footprint in Latin America’s renewable energy market, continuing the development and operation of solar assets under structured agreements that support reliable and sustainable electricity supply.