Regulatory approval for wind transaction in Brazil
Brazil's Administrative Council for Economic Defense (CADE) has given regulatory approval for the transfer of Salus Fundo de Investimento em Participacoes' (FIP) shares in ten wind farms to Furnas Centrais Eletricas.
The wind projects, which are part of the Itaguacu Wind Complex, are not yet operational. The wind portfolio is owned by Furnas Centrais Eletricas with a 49 percent stake in each project, with FIP Salus also having 49% and Casa dos Ventos Energias Renovaveis with the remaing 2%.
The deal will allow now Furnas to have control over 98 percent of the shares.
Furnas Centrais Elétricas is a Brazilian federal energy firm engaged in the generation, transmission and trading of electric power. The company is responsible for supplying energy to an area accounting for 63% of Brazilian homes and 81% of domestic GDP.
Furnas runs a range of enterprises which generate 10% of Brazil's electricity. These enterprises include 16 hydroelectric power stations, 2 thermal power stations, approximately 23,000 km of transmission lines and 62 substations. 40% of all of the energy consumed in Brazil passes through the Eletrobras Furnas System.
Country news
-
-
March 21, 2014
11 firms for Feasibility study of street lighting PPP in Sao Paulo
The city of Sao Paulo has announced that eleven firm submitted feasibility studies to modernize, streamline, expand and maintain the street lighting of the city via a PPP project. Read more -
June 16, 2014
Brazil Mezzanine Infrastructure Fund sells Bioenergy firm
Darby Private Equity, the private equity arm of Franklin Templeton Investments, announced in early June that the Brazil Mezzanine Infrastructure Fund (BMIF) has exited its energy infrastructure investment in Bioenergy Geradora de Energia, a private company based in São Paulo, Brazil. Read more -
June 18, 2014
Renova secures $459m financing for wind farm in Brazil
Brazil's National Development Bank (BNDES) has agreed to lend Renova Energia R$1.044 billion (US$465 million) to finance the 386.4MW Alto Sertão II wind complex in northeastern state of Bahia, Brazil. Read more -
July 02, 2014
GDF Suez announces up to 750 MW of renewable energy development in Brazil
GDF SUEZ, through its subsidiary Tractebel Energia, continues to strengthen its renewable energy position in Brazil. Around 750 MW of additional renewable capacity is expected to be commissioned over the next 6 years through construction at the Santa Monica Wind Park and at the recently acquired Campo Largo complex. Both projects are located in the Northeast of Brazil. Read more -
July 07, 2014
EDP sells hydroelectric projects in Brazil to China Three Gorges
Energias do Brasil S.A. (EDP Brasil), the subsidiary of EDP - Energias de Portugal, S.A., has completed the sale of 50% stake in the company holding the rights to develop the 373MW Jari hydro power plant project, and 50% in the company holding the rights to develop the 219MW Cachoeira Caldeirão hydro power plant project, both in Brazil, to CWEI Participações Ltda., a subsidiary of China Three Gorges (CTG). Read more
