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The Department of Energy (DOE) has awarded $62 million to 20 projects focused on research, development, and deployment of next-generation green hydrogen technology.
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Pennsylvania state senator Gene Yaw has proposed a bill that would create a development fund based on the $10 billion Texas Energy Fund (TEF) for dispatchable energy to support the state's grid.
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Google is planning to build its second data centre facility in Latin America.
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The Public Utilities Commission of Texas (PUCT) has selected 17 projects totalling $5.38 billion to advance to the next round of the review process for the Texas Energy Fund (TEF) grant program.
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Brazilian development bank BNDES has approved R$1.14 billion ($202m) in financing for 2 solar complexes in Brazil.
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The Bureau of Ocean Energy Management (BOEM) has finalised 2 floating offshore wind areas off Oregon and announced the date for its upcoming auction in October.
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SunPower's $45 million asset sale to Complete Solaria has received approval from a US bankruptcy court judge.
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Oneok has agreed to acquire Global Infrastructure Partners’ (GIP) interests in EnLink Midstream and Medallion Midstream for $5.9 billion.
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Peruvian investment promotion agency ProInversión has awarded 5 transmission projects in its latest auction to Alupar Perú.
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The Bureau of Ocean Energy Management (BOEM) is exploring offshore wind options off the coast of Hawaii and the US territory of Guam.
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Eneva has secured R$1 billion ($177 million) in financing for a gas-fired power plant the company is developing in Brazil.
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American Electric Power subsidiary Public Service Company of Oklahoma has an agreement with J-Power to acquire a 795MW combined-cycle power generation facility, PFR has learned.
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CenterPoint Energy is proposing to invest around $5 billion from 2026 to 2028 on grid resiliency in the aftermath of damage caused by Hurricane Beryl.
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Maxeon Solar Technologies’ chief financial officer, Kai Strohbecke, will leave the solar manufacturing company 31 August (2024).
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Mexico Pacific has signed a sales and purchase agreement with Korean energy trading company POSCO International for the company’s LNG terminal in Sonora, Mexico.
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CPS Energy has signed storage capacity agreements with Eolian for 2 Texas battery storage projects totalling 350MW/1,400MWh.
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EDF Renewables North America has closed on the initial phase of the sale of 50% of its Desert Quartzite solar-plus-storage project in Riverside, California.
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Scala Data Centers has signed the Latin America's largest renewable energy supply agreement with Serena Energia.
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Nikola Corporation, the sustainable transportation and infrastructure solutions provider, has appointed Thomas Schmitt as its chief commercial officer.
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TCW Group has closed on the sale of its 19.64% stake in the Homer City Generation project to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.
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National Storage Affiliates Trust (NSA) and Solar Landscape have teamed up to develop at least 100MW of solar capacity.
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State-owned Empresa Provincial de Energía de Córdoba (EPEC) is partnering with renewables developer Coral Energía on a portfolio of solar assets in Argentina.
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Nu:ionic Technologies and HybriGenix Futures have signed a memorandum of understanding (MoU) to develop a clean power and hydrogen facility in Edmonton, Alberta.
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Brazilian transmission company Taesa has named Rinaldo Pecchio Jr as chief executive of the company.
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Invenergy and Lafayette Square-owned joint venture, Reactivate, has hired Corey Stein as executive vice president of finance.
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AES Andes has received the greenlight from Chile’s Environmental Evaluation Service to proceed with a $800 million hybrid project.
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Alternus Clean Energy subsidiary ALT US 01 has hit a possibly indefinite delay in its agreement to acquire 100% of the membership interests in Japanese Taiyo Green Energy’s portfolio of US solar parks.
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Industrial gases and engineering company Linde has agreed to invest $2 billion in a clean hydrogen project in Alberta, Canada.
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Standalone storage development in Chile has arrived with project financing deals finally closing in the last 2 months. The age of battery storage comes as Chile remains riddled with curtailment issues, high exposure to zero marginal cost and price decoupling, especially in the north of Chile.
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US-based LS Power has reached final close on its fifth power and energy fund at $2.7 billion, above a $2.5 billion target.
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Talen Energy Corporation has received its final $300 million payment from Amazon Web Services in connection with the sale of its Pennsylvania-based Cumulus Data Centre.
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Brazil’s National Electric Energy Agency (Aneel) has confirmed the September transmission auction but has withdrawn lot 2 from the original set of projects to be tendered.
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Brazilian utility Cemig is planning to issue R$2 billion ($363m) in debentures for its distribution business, Cemig-D, on 15 September 2024.
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The Tennessee Valley Authority (TVA) board of directors has approved an additional $150 million to fund TVA’s small module nuclear reactor (SMR) initiative at its Clinch River site in Tennessee.
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Renewables developer Arevon Energy will look to start financing its Avocet Energy Storage Project in Q1 2025 after securing permitting and signing an interconnection agreement, PFR has learned.
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Evergy, the Kansas and Missouri utility company, has hired W. Bryan Buckler as the company’s executive vice president and chief financial officer, effective October 1, 2024.
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Meyer Burger has halted plans to develop a solar cell production facility in Colorado Springs, Colorado and announced restructuring measures.
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The Superintendency for the Development of the Northeast (Sudene) has released R$267 million ($49m) to finance renewable projects in Brazil.
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Sage Geosystems has partnered with Meta to develop 150MW of geothermal energy projects to support Meta’s new data centre projects in the eastern US.
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Clearway Energy Group has closed a $550 million construction loan with a consortium of banks for a 140MW/118MW solar-plus-storage project in California.
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YPF Luz has signed a memorandum of understanding with McEwen Mining to exclusively supply renewable energy to a mining project in Argentina.
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CleanCapital and Arena Renewables have partnered to develop a portfolio of community and C&I solar projects in grid-critical areas in Illinois, Maryland, and other parts of the US.
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Spanish renewables developer X-Elio is planning to develop a 94MW solar-plus-storage project in Chile.
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Bioenergy Devco, a waste-to-energy developer, has hired Michael Woodward as president and Dain Santarelli as chief operating officer.
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CPFL Energia is partnering with cement maker Mizu Cimentos to develop a green hydrogen plant in Rio Grande do Norte, Brazil.
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Spanish renewable energy-focused investment platform Qualitas Energy is looking to finance a portfolio of renewable assets in Chile, PFR understands.
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Allete shareholders have approved the company’s pending transaction to the Canada Pension Plan Investment Board (CPPIB) and Global Infrastructure Partners for $6.2 billion.
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The California Public Utilities Commission (CPUC) has approved a decision that instructs the Department of Water Resources (DWR) to procure up to 10.6GW power.
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Offshore wind port infrastructure developer Clean Energy Terminals (CET) has hired Sloane Perras as its chief legal officer.
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Georgia electricity cooperative Oglethorpe Power has closed on its acquisition of the Walton County Power Plant from Carlyle affiliate Mackinaw Power, PFR has learned.
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Green hydrogen developer Victory Clean Energy has signed a $100 million deal to use green hydrogen production technology of Proton Power.
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Steel manufacturer ArcelorMittal and renewables developer Casa dos Ventos are extending their partnership in Brazil with a solar project.
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Israeli renewable-focused fund Windin Capital is set to close financing for a wind farm the company owns in Chile, PFR understands.
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Brazilian fuels distributor Vibra Energia has entered an agreement to acquire the remaining shares in energy generation and trading company Comerc Energia.
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BW Solar has closed on the sale of a 12-project New York community solar portfolio totalling 76.7MW to solar and battery storage developer Catalyze.
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Biofuels producer and developer FutureFuel has hired former DSM executive Roeland Polet as its chief executive, effective 3 September 2024.
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SolarBank is planning to develop a 6.41MW ground-mount solar power project called the East Bloomfield project in New York.
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Deriva Energy has secured the domestic content bonus credit and the energy community tax credit bonus for the North Allegheny Wind, Pennsylvania.
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Arevon Energy is readying for financial close on the 60MWac Heirloom Solar Project in Pike County, Indiana.
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Toyota Tsusho America has closed the financing for the 159MW Norton Solar Project in Runnels County, Texas which is being constructed by Avantus.
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Bernhard Capital Partners’ acquisition of Entergy's Louisiana gas systems has been approved by the Louisiana Public Service Commission.
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American food manufacturing giant Nestlé is to purchase the renewable energy attributes from Enel North America’s Stampede solar-plus-storage project, as well as fund the project as the sole tax equity investor.
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Vestas and Brazilian renewables developer Renobrax are planning to develop a wind project in the state of Rio Grande do Sul in Brazil.
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Sustainable infrastructure investment manager Generate Capital has closed a $64 million investment from KeyState Renewables for community solar in New York.
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German renewables developer Uka Group has received approval to move ahead and start construction of its Llanos de Rungue solar project in Chile.
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Swift Current Energy has closed on a tax equity investment from Google for its 800MW Double Black Diamond Solar project in southern Illinois.
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Scout Clean Energy has hired Kris Cheney as chief development officer. Prior to this role Cheney spent 15 years at EDP Renewables North America.
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US-based community solar company Nexamp has teamed up with Trajectory Energy Partners to acquire a 7MW solar portfolio in Illinois.
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Atlas Renewable Energy has inked an agreement to form a joint venture with steel manufacturer ArcelorMittal in Brazil.
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Entergy Arkansas is to make its final $20 million payment to Invenergy as its acquisition of the developer’s 100MW Walnut Bend Solar project nears close.
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Boralex has closed a $95 million financing for the 52MW Témiscouata II wind farm in Quebec.
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Elera Renováveis has agreed to sell a project in its Irapuru solar complex in Brazil to food producer Minerva.
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Guzman Energy, a wholesale power provider in the US, has made changes to its leadership, bringing in industry veteran John Foster as executive chair and Michael Ott as chief financial officer.
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Energix Renewables has signed a long-term agreement with Google that will see the technology giant offtake power and renewable energy credits (REC) from solar projects.
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Arevon Energy has signed its third environmental attributes purchase agreement with technology giant Meta.
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Scala Data Centers has raised R$1.37 billion ($250m) in green debentures for the company’s SGRUTB09 data centre in Brazil, the largest in Latin America.
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Solar and storage developer MN8 is purchasing a solar portfolio sited in the northeastern US from international power business Vitol, PFR has learned.
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Santiago-based renewables developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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Competitive Power Ventures (CPV) Group will sell 33% of its affiliate CPV Renewable Power to real assets-focused investment management firm Harrison Street for $300 million, PFR understands.
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Madison Gas & Electric (MGE) is acquiring 176MW solar and battery energy storage system (BESS) capacity for an estimated $351 million, PFR has learned.
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Fundraising for infrastructure funds globally was challenging in H1 2024, with data from sister publication IJInvestor revealing that $57.85 billion was raised by 40 funds that hit final close. North America-focused funds too have not been popular among investors over the last 2 half years, representing just 11% of capital raised.
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Houston-based Alpha Omega Power, the utility-scale battery storage developer, owner, and operator, has hired Luke Shillington as chief development officer.
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German developer Soventix is planning a solar-plus-storage project in Chile.
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Asian private investment firm PAG has subscribed to $200 million in aggregate principal amount of convertible notes issued by Canadian Solar.
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Eversouce Energy’s Huntsbrook Offshore Wind (OSW) Hub project has been awarded a Department of Energy (DOE) grant of $89 million.
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Distributed clean energy company Onyx Renewables has hired former Scout Clean Energy executive Eileen Stone as senior vice president (SVP) of M&A.
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YPF Luz has signed a power purchase agreement with telecommunications company Claro in Argentina.
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CenterPoint Energy has issued an all-source request for proposals (RFP) for power projects in order to meet the energy needs of its 150,000 electric customers in southwestern Indiana.
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Middle-market infrastructure investment firm NOVA Infrastructure has completed the purchase of community solar and battery storage business UGE International.
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Corio Generation has signed a memorandum of understanding with offshore construction business Estaleiros do Brasil (EBR) for the development of offshore wind generation in Brazil.
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esVolta has hired Justin Johns, formerly the chief financial officer of Shell's SouthCoast Wind Energy offshore wind joint venture, as senior vice president and CFO.
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California-based Natron Energy plans to develop a $1.4 billion utility-scale battery manufacturing plant in North Carolina.
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Technology giant Meta plans to use long-term virtual power purchase agreements (VPPA) with RWE to offset energy from its MISO-sited data centres, PFR has learned.
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TC Energy Corporation and an Énergir subsidiary partner have completed the sale of the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
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Renewable energy company Ormat Technologies has signed a pair of 7-year tolling agreements with Equilibrium Energy for its battery energy storage (BESS) facilities in Texas.
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Birch Creek Energy has closed project financing for a Missouri solar farm with Celtic Bank and West Town Bank & Trust.
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Tucson Electric Power (TEP) is planning a 200MW battery energy storage system in southeast Tucson, Arizona.
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Solar developer Brasol has acquired a portfolio of distributed generation solar assets in Brazil from developer BC Energia.
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rPlus Energies has signed a power purchase agreement (PPA) for its Pleasant Valley Solar II project in Idaho with Idaho Power and Meta, PFR has learned.
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Greenbacker Renewable Energy has acquired the 685.2MW Cider solar farm for an estimated purchase price of $54.3 million from Hecate Energy, PFR has learned.
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Renewable operator and developer Deriva Energy has hired John Clapp, the former chief financial officer of Scout Clean Energy, as its chief executive.
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Avangrid has executed its second short-term virtual power purchase agreement (VPPA) with Statkraft for a 35MW wind farm in Pennsylvania.
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Atlas Renewable Energy has raised close to R$1.5 billion ($274m) in bonds to finance its Luiz Carlos solar complex in Brazil.
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Danish energy giant Ørsted reported $575 million in impairment losses during Q2 2024, partially caused by the construction of its 704MW Revolution Wind project and the cancellation of New Jersey Ocean Wind projects.
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Winston & Strawn has added energy-focused lawyers Kevin Brophy and Ming Lei as partners to the firm’s Houston office and as members of the transactions department.
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US solar manufacturing company Ebon Solar has announced its plan to develop a nearly $1 billion PV manufacturing plant in Albuquerque, New Mexico.
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Avangrid Renewables has entered a sale-leaseback deal with Huntington National Bank for the Wasco County, Oregon-sited 140MW Daybreak Solar facility and its associated transmission assets, PFR has learned.
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Equinor and Dominion have been named the provisional winners of the Central Atlantic offshore wind lease area tender, totalling $93 million.
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Brazilian utility Cemig has closed the sale of its 45% stake in energy company Aliança Energia to mining company Vale.