Iron ore miner Vale SA has won approval from Brazil’s antitrust regulator to buy three wind farms in the northeast part of the country from investment fund Salus, according to an announcement in the official gazette on Jan. 15.
In announcing its decision, the Administrative Council for Economic Defense (CADE) did not disclose the price of the acquisition.
“The operation is in line with Vale’s objective of meeting its demand for energy through generation from renewable sources such as wind,” CADE said, citing information provided by the companies.
The move has comes as Vale aims to generate all of its energy needs from renewable sources.
Salus is controlled by the Mário Araripe Group, owner of wind farm developer Casa dos Ventos.
South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on April 19, over four times the current amount.
Brazilian energy company Vila Energia Renovável said on April 16 it sold 90% of wind power complex Terra Santa to France’s Total.
Malaysian state-owned oil and gas firm Petronas said on April 15 it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay operations.