Cheapest Wind Energy Spurring Renewables Deals: Corporate Brazil

Acquisitions of renewable-energy companies in Brazil will rebound from a four-year low as wind-farm developers seek buyers and European companies expand, the industry’s biggest legal and financial merger advisers said.

Machado Meyer Sendacz & Opice Advogados, the Sao Paulo-based law firm that handled the most deals in the industry last year, expects to double its deal count to 10 in 2013, said Ricardo de Lima Assaf, a partner in the infrastructure department. Grupo BTG Pactual SA, the world’s top financial adviser on renewable-energy deals, also sees a rebound as European developers turn to Brazil amid subsidy reductions at home, said Vittorio Perona, a partner responsible for energy in the lender’s investment banking department.