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Denham concludes sale of Rio to Equinor

Richard Heap
November 9, 2023

Growth markets specialist Denham Capital has concluded the sale of Brazilian platform Rio Energy to Norwegian giant Equinor.

Denham Sustainable Infrastructure has agreed to sell Rio to Equinor, but will continue to manage around 1GW of Rio's assets in Brazil via its new development and operating arm Pontal Energy.

These 1GW assets include three operational onshore wind projects totalling 500MW; a 200MW wind farm that is currently under construction; and 300MW of development-stage onshore wind and solar schemes.

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