BTG Pactual acquires 100% ownership of three solar energy companies from Thopen Energia following its judicial recovery process

Type: Acquisition · Technology: Solar · Country: Brazil · Announced: 2026-09-01

BTG Pactual secured approval from Brazil's antitrust regulator Cade to consolidate 100% ownership of three special purpose entities (SPEs) belonging to Thopen Energia. The acquisition follows Thopen's judicial recovery process in Rio de Janeiro, where the company faced material liabilities. The three solar energy companies were part of Thopen's renewable energy portfolio, though specific project details such as capacity or location were not disclosed in the announcement. The transaction marks BTG Pactual's strategic expansion into Brazil's solar energy sector through asset acquisition. Cade's approval was granted after reviewing the consolidation to ensure no anti-competitive practices would arise from the deal. The judicial recovery process had previously highlighted Thopen's financial distress, creating an opportunity for BTG Pactual to acquire the assets.

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