The company brings its extensive experience in developing and implementing projects in the energy sector, with the goal of long-term investments in the country
CEEC Brazil, a company of the China Energy group, has just acquired three photovoltaic plants for an approximate value of 520 million reais (enterprise value). The purchase agreement signed on November 4th with FIP Coremas, controlled by Nordic Power Partners (a joint venture with European Energy and Impact Fund Denmark), includes the Coremas I, II and III units, located in the municipality of Coremas, in the state of Paraíba.
With an installed capacity of 93.41 MWp, the solar park is in operation under a power purchase agreement in Brazil’s Reserve Energy Auctions model (LER – Leilões de Energia de Reserva).
With this strategic investment, CEEC Brazil marks its entry into the Brazilian energy market and establishes the foundation for future investments in diversified energy solutions, such as the development of new renewable energy generation projects, energy storage (BESS), green hydrogen, among others.
With specialization and capital resources, “CEEC Brazil has the expertise to invest in, develop, implement, and operate assets throughout their entire lifecycle. Not only in the energy sector, but also in the sanitation segment, where the company has controlled and operated the São Lourenço Water Treatment Plant in São Paulo since 2018, currently under a public-private partnership (PPP) contract with Sabesp,” highlights Rafael Qi, CEO of CEEC Brazil.
“By expanding its business in the country, the company also reaffirms its commitment to strengthening the sustainable socio-economic development of Brazil and China, under the strategic consensus established by the two countries and the collaborative spirit of BRICS,” Qi adds.
CEEC Brazil intends to operate the Paraíba plant for many years, making the necessary investments for its maintenance and improvement of its generation, aiming to obtain the maximum benefits offered by the LER model of the power purchase agreement.
CEEC Brazil’s commitment to sustainability and social responsibility is one of the pillars of the Chinese company’s operations in the country. With this objective, CEEC Brazil aims, in partnership with local communities, to promote long-term projects that will contribute to the socioeconomic development of the Coremas region.
The entire process for the completion of this investment transaction, which resulted in the signing of the purchase agreement, benefited from the technical support of the following companies and consultancies: IWMelcheds Advogados, Araújo Fontes, KPMG, and Intertechne.
Additional Information:
CEEC – China Energy
China Energy Engineering Group Co., Ltd (Energy China) is a large, comprehensive conglomerate that offers systematic, integrated, and full-cycle development plans and services for the energy, electricity, and infrastructure sectors, both in China and globally.
Present on the Fortune Global 500 list for eleven consecutive years, the company has made a remarkable contribution to large-scale engineering projects, such as the Three Gorges Project, the South-to-North Water Diversion Project, the West-to-East Power Transmission Project, the West-to-East Gas Pipeline Project, as well as significant advancements in three generations of nuclear power, among others, setting numerous world records.
With cutting-edge technologies in various areas – including next-generation energy storage, high-altitude wind power, solar thermal power generation, thermal power generation, conventional islands for nuclear power, water resources, hydroelectric plants, and ultra-high voltage projects and constructions – the Group has received six special national awards for progress in science and technology.
A leading company involved in international cooperation in production capacity and the construction of the Belt and Road Initiative, it operates in more than 140 countries, developing diverse projects.
With “Innovation, Sustainability, Digital Intelligence and Integration” as its central development concept, CEEC – China Energy promotes emerging and future-oriented strategic industries, stimulates the development of new productive forces, and contributes solutions to the global energy transition and sustainable development.
CEEC Brazil
CEEC Brazil acts as the investment and asset management arm of Energy China in the country, and has been based in São Paulo since 2013.
The company has a dedicated team of over 150 Brazilian and Chinese professionals, focusing its investments on the sanitation and energy sectors.
In 2018, it invested US$980 million (enterprise value) in the acquisition of a water treatment plant in São Paulo, responsible for supplying treated water to SABESP (Basic Sanitation Company of the State of São Paulo) through a 30-year PPP.
For the 2025/2026 period, the company plans to seek significant investments in the energy sector in Brazil.