- Brookfield Asset Management (BAM +0.6%) has received approval from Brazilian antitrust regulator Cade to build solar energy projects in Ceará state.
- The plants will have total capacity to produce 278 MW of electricity, according to a description of the projects in Cade's decision.
- The transaction marks Brookfield's entry into the Brazilian solar energy market, allowing the company to continue expanding its local electricity generation asset portfolio.