Brazil's Eletrobras hires Credit Suisse to sell renewable projects
Eletrobras, a major Brazilian electric utilities company, has appointed Credit Suisse Group to help sell renewable energy projects.
The projects to be sold, which include wind farms and other assets, are owned by Eletrosul, a subsidiary of Eletrobras.
The company plans to raise approximately BLR2 billion (US$550.5 million) from the sale. According to sources, the firm would use funds from the transaction to invest in higher-yielding projects or for debt reduction.
Eletrosul operates in the states of Santa Catarina, Rio Grande do Sul, Mato Grosso, Mato Grosso do Sul, Paraná and Rondônia. Its transmission grid comprises 44 substations and over 11,000 km of transmission lines, while its generation assets include hydroelectric plants, wind power complexes, and one PV unit.
Country news
-
-
March 15, 2016
Interest grows for Abengoa’s transmission assets in Brazil
Several teams are interested in the sale of Abengoa's transmission assets in Brazil. Read more -
March 09, 2016
Brazil postpones March A-5 tender
The Ministry of Mines and Energy of Brazil has delayed the deadline of the A-5 energy auction from March 31 to April 29. Read more -
March 08, 2016
BRICS new bank to finance solar projects
The New Development Bank established by the BRICS states, Brazil, Russia, India, China and South Africa, plans to lend about US$2 billion to finance energy solar projects in India. Read more -
March 01, 2016
Sowitec to build 501 MW wind power plant in Brazil
Sowitec has plans to develop the 501 MW Parque Eolico Palmas dos Ventos wind power complex in the Brazilian state of Sergipe. Read more -
March 10, 2017
Solatio to invest in 650 MW PV project in Brazil
Solatio Energia has plans to invest approximately R$3.4 billion (US$859.1 million) in foru photovoltaic solar project in Brazil. Read more
