European Energy and Impact Fund Denmark has completed the sale of the Coremas solar park in Brazil to China Energy Overseas Investment Division (CEEC Brazil), an Energy China company. The transaction involves a 93.41 MW solar facility located in the state of Paraíba, Brazil.

Project Details and Capacity

The Coremas solar park comprises three entities, Coremas I, II, and III, totaling 93.41 MW, and operates under a power purchase agreement with Brazil's Reserve Energy Auctions. The projects were partially completed in 2018, with the entire solar park complex becoming operational in 2021.

The Coremas complex produces 172.35 GWh annually, equivalent to the electricity consumption of more than 70,000 Brazilian households. Impact Fund Denmark financed the projects through the Danish Climate Investment Fund, which was established in 2014 in cooperation with Danish pension funds and private investors.

Community Impact and Local Benefits

Throughout the project development, European Energy and Impact Fund Denmark created local jobs and initiated several social programmes in the surrounding area. The companies distributed COVID-19 relief packages in the local community as part of their social initiatives.

The project created local jobs and supported community initiatives during its development and operational phases. According to the companies involved, the communities will continue to benefit from the project under its new ownership structure.

Strategic Rationale and Company Statements

The divestment reflects European Energy's strategy of developing renewable energy assets that attract long-term investors committed to advancing the global energy transition. Thiago Arruda, Vice President and Country Manager for Brazil at European Energy, stated: “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. 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 and Co-Head of Green Energy and Infrastructure at Impact Fund Denmark, commented on the transaction: “The sale marks another successful exit in the Danish Climate Investment Fund. The project is a strong example of how we aim to work closely with Danish companies to create global green impact. Coremas has generated significant local benefits, and the communities will continue to benefit from the project. The investment demonstrates how private capital can be mobilized to accelerate the green transition.”

Future Development Plans

European Energy continues to view Brazil as a key market for renewable energy development, with a pipeline of more than 600 MW. This pipeline encompasses both wind and solar projects across various stages of development.

The company is also advancing opportunities in green fuels within Brazil. European Energy has entered into a Heads of Agreement with Petrobras to jointly develop a commercial-scale e-methanol production facility in Suape, Pernambuco. This represents the company's expansion beyond traditional renewable energy generation into green fuel production.

The transaction was announced from Copenhagen, Denmark, on November 7th, 2025, marking the completion of the sale process between the European companies and the Chinese energy investment division operating in Brazil.

Connect with Decision-makers about the Latest Solar Photovoltaic (PV) Projects in Brazil for business Opportunities.

Subscribe to our database on Solar Photovoltaic (PV) Projects and Tenders in Brazil to get access to reliable and high-quality insights on upcoming, under-construction, and completed Solar Photovoltaic (PV) Projects across the world or in your desired geographical location.

Our user-friendly platform provides essential details, timely updates, key stakeholder contact information, and business opportunities tailored for engineering companies, industry professionals, investors, and government agencies.