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TotalEnergies and Brazil's Casa dos Ventos (CDV) formed a joint venture to develop, build and operate CDV's renewable portfolio, including 700 MW of onshore wind in operation, 1 GW under construction, and 2.8 GW of wind and 1.6 GW of solar projects. TotalEnergies will hold a 34% stake for $550 million plus up to $30 million earn-out.
“TotalEnergies and Brazil's Casa dos Ventos (CDV) announced the creation of a joint venture to develop, build and operate the renewable portfolio of Casa Dos Ventos.”energyconnects.com
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