CPFL Energia closes acquisition of shares in CPFL Energias Renovaveis
Brazilian energy company CPFL Energia has completed the acquisition of the shares in CPFL Energias Renovaveis from a local unit of State Grid Corporation of China.
The deal represents a total investment of BRL16.85 (US$4.03) per share from State Grid Brazil Power Participacoes SA.
The transaction corresponds to 46.76% stakes in the company.
State Grid Brazil Power Participacoes currently holds a majority share of 83.71% stakes in CPFL Energias Renovaveis.
Country updates
-
-
September 19, 2019
Spanish Powertis invests in 765 MW of solar plants in Brazil
Powertis, a company that invests in the development, structuring, financing, construction and operation of large-scale solar PV projects in Europe and Latin America, is developing a 765 MW photovoltai...
Read more -
September 17, 2019
Major developments at 3GW LNG project in Brazil
EIG Global Energy Partners (“EIG”), the controlling shareholder of Prumo Logística S.A. (“Prumo”), a private Brazilian company leading the energy infrastructure hub at P...
Read more -
September 16, 2019
Brazil approves Enel's acquisition of 378 MW of wind and solar projects
Brazilian Administrative Council for Economic Defense (CADE) has approved without restrictions the acquisition by Enel of three wind and solar projects held by local firm Grupo Mario Araripe. Enel wi...
Read more -
September 09, 2019
Canadian Solar secures financing for its two solar projects in Brazil
Canadian Solar Inc. has secured BRL487 million (US$120 million) non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Francisco Sa and Jaiba solar power projects. Since th...
Read more -
September 04, 2019
Renova asks Aneel to keep wind complex sale
Renova Energia SA has submitted a counter-proposal to Brazil state regulator, Aneel, to prevent the termination of the sales contract in connection to the 743 MW Alto Sertao III wind complex. The...
Read more
