China State Power bids on Brazil's Santo Antonio hydro
SPIC of China aims to acquire a stake in the 3,580 MW Santo Antonio hydropower dam in Brazil. The company offers around BRL 2B to Companhia Energética de Minas Gerais SA (Cemig), Odebrecht and Andrade Gutierrez who have a combined 41% ownership of the project.
Odebrecht favors the sale due to the company's struggle with debt and corruption. On the other hand, Cemig considered the bid value to be low, due to the project's large debts. Furthermore, Eletrobras, who owns 39% of the project decided not to sell its stake.
Country updates
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December 05, 2018
Brazilian telecom Claro inks 30 MW wind project PPA
Brazilian telecom, The Claro Group, has signed a power purchase agreement with Engie Brasil for 30 MW of output from the Campo Largo wind complex in the Brazilian state of Bahia. The project comprise...
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December 03, 2018
IDB Invest guarantees debentures for Brazilian solar project
IDB Invest has provided a total credit guarantee of R$315 million (US$84 million) to cover the debentures issuance for the financing of the construction and operation of phase II of the Pirapora solar...
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November 28, 2018
EDF Renewables signs agreement with Braskem to supply wind energy
EDF Renewables in Brazil has announced that it has entered into a long-term Power Purchase Agreement (PPA) with Braskem, one of the world’s leading producers of thermoplastic resin. The energy...
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November 28, 2018
Scatec Solar's 162 MW solar PV project begins commercial operation
Scatec Solar is together with partners Equinor and Apodi Par are pleased to announce that the 162 MW Apodi Solar plant is grid connected and in commercial operation. The Apodi Solar project was awar...
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November 27, 2018
Innova to install 5 MW solar PV project in Brazil
Innova Energy plans to develop a 5 MW solar park in Brazil. The BRL22 million (US$6 million) facility will be installed in Uberaba municipality, Minas Gerais state. Initial cost of the scheme is worth...
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