April 16, 2019 / 5:21 PM / 2 days ago

UPDATE 1-Brazil's Vila Energia sells wind complex to France's Total -executive

(Includes details of the transaction)

By Luciano Costa

SAO PAULO, April 16 (Reuters) - Brazilian energy company Vila Energia Renovável said on Tuesday it sold 90 percent of wind power complex Terra Santa to France’s Total SA.

Fernando Estevão de Meneses, a partner at Vila Energia, told Reuters the company will retain a 10 percent stake in the project, in Brazil’s northeast region. He declined to disclose financial details of the transaction, which was negotiated with Total’s arm for renewable energy, Total Eren.

The French company has plans to grow in clean energy generation globally. It had previously bought three solar parks in Brazil, with a combined capacity to produce 140 megawatts.

The Terra Santa wind complex, in the state of Rio Grande do Norte, has a long-term power supply contract already signed. It will require 410 million reais ($105 million) to be completed and is expected to start production in 2021.

Total Eren did not immediately return a request for comment. ($1 = 3.8966 reais) (Reporting by Luciano Costa, writing by Marcelo Teixeira; Editing by Steve Orlofsky)

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