Portuguese oil and gas group Galp Energia has bought a renewable energy portfolio of close to 5 gigawatts in Brazil, doubling its global green power portfolio at a stroke.

Galp will acquire a range of solar and wind assets on completion of acquisitions from local energy developers SER Energia and Casa dos Ventos. No financial terms were disclosed.

The deal for up to 4.8 GW of mostly photovoltaic (PV) capacity leverages Galp’s total renewable energy portfolio up to 9.6