Dow acquires option to purchase stakes in four Casa dos Ventos solar SPEs in Mato Grosso do Sul

Type: Acquisition · Technology: Solar · Country: Brazil · Announced: 2026-06-18

Dow Palmyra do Brasil, a wholly owned subsidiary of Dow, executed an agreement granting it the future option to acquire equity stakes in four solar generation special purpose entities (SPEs) currently controlled by Casa dos Ventos. The transaction aligns with Dow's self-production energy strategy, enabling direct access to renewable energy sources for its operations. The SPEs are part of the Complexo Solar Seriemas, a solar project located in Mato Grosso do Sul. While the financial terms and capacity details were not disclosed, the deal underscores Dow's commitment to expanding its renewable energy portfolio in Brazil. Casa dos Ventos, a leading Brazilian wind and solar developer, retains operational control of the SPEs until any equity acquisition by Dow is finalized.

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