January 28, 2020 / 1:12 PM / a month ago

Canada's Brookfield gets OK to build Brazil solar power plants

SAO PAULO, Jan 28 (Reuters) - Canada’s Brookfield Asset Management Inc has received the go-ahead from Brazilian antitrust regulator Cade for certain solar energy projects in the country’s northeast, according to a decision published in the government’s official gazette on Tuesday.

The solar power plants, to be built in the state of Ceará, will have total capacity to produce 278 MW of electricity, according to a description of the projects in Cade’s decision.

The move underscores Brookfield’s drive to expand its presence in Brazil’s electricity sector, where it operates hydro power dams, wind farms and electricity transmission assets.

Brookfield did not immediately reply to a request for comment. (Reporting by Luciano Costa Writing by Ana Mano; Editing by Bernadette Baum)

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