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Energy Finance & Investment News in Brazil

IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

IPPToday #190: Canadian Solar wins 364 MW of 1 GW awarded in A-4 auction in Brazil

🕔Apr 11, 2018

Canadian Solar Inc. has announced that it won three solar photovoltaic (PV) projects in Brazil's A-4 auction that was held on 4 April 2018. The projects have with a total installed capacity of 364 MWp.

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Brazil announces installation of 1,028 MW through Avancar Energia programme

Brazil announces installation of 1,028 MW through Avancar Energia programme

🕔Mar 27, 2018

Brazil's Ministry of Mines and Energy has announced that 44 of the 97 projects awarded in its Avançar Energia programme has been completed, adding 1,028 MW of installed capacity to the National Generator Park (Parque Gerador Nacional).

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IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

🕔Mar 22, 2018

IFC, a member of the World Bank Group, and Amundi, Europe’s largest asset manager, have announced the successful launch of the world’s largest targeted green bond fund focused on emerging markets, the Amundi Planet Emerging Green One (EGO).

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IPPToday #163: Brookfield makes new acquisition proposal to Renova for over 1 GW wind projects

IPPToday #163: Brookfield makes new acquisition proposal to Renova for over 1 GW wind projects

🕔Feb 26, 2018

Renova Energia SA has announced that it has received from Brookfield Energia Renovável SA, the Brazilian subsidiary of Brookfield Asset Management, a new binding proposal replacing the primary contribution offer made in November 2017.

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IPPToday #150: Government of São Paulo resumes privatisation of CESP

IPPToday #150: Government of São Paulo resumes privatisation of CESP

🕔Feb 7, 2018

The government of São Paulo has resumed the partial privatisation of Companhia Energetica de São Paulo (CESP), the utility company responsible for approximately 58% of the energy generated in the state, and for almost 12% of the total power produced in Brazil, making it the third largest in the country.

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Engie secures financing for 327.7 MW wind project in Brazil

Engie secures financing for 327.7 MW wind project in Brazil

🕔Feb 1, 2018

The Administrative Council of Engie Brasil Energia SA has approved borrowing BRL1.04 billion (US$ 329.4 million) from Brazil's National Development Bank (BNDES), to support the development of the 327.7 MW Campo Largo Phase 1 wind project. No further details about the deal have been disclosed.

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IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress

IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress

🕔Jan 29, 2018

The President of Brazil, Michel Terner, has advanced the privatisation of state-owned power company Centrais Elétricas Brasileiras SA, commonly known as Eletrobras, by submitting a bill defining the terms of the sale to Congress. The bill states that the company will be privatised through a capital increase, with an option for a secondary offering of government shares (currently 52%).

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CPPIB and Votorantim JV Invest in Brazilian Power

CPPIB and Votorantim JV Invest in Brazilian Power

🕔Dec 26, 2017

Canada Pension Plan Investment Board (CPPIB), a professional investment management organization, and Votorantim Energia, the energy subsidiary of Brazil’s Votorantim Group, announced that they have signed agreements to form a new joint venture focusing on investments and developments in the Brazilian power generation sector.

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IPPToday #121: Enel wins 618 MW of wind capacity in 3.8 GW tender in Brazil

IPPToday #121: Enel wins 618 MW of wind capacity in 3.8 GW tender in Brazil

🕔Dec 21, 2017

The Power Trading Chamber (CCEE) of Brazil has announced that more than 3,841.6 MW of power supply contracts were awarded in the tender that took place yesterday. Around 572,518,389 MWh were awarded for a total BRL108.46 billion (US$32.96 billion), or an average price of BRL189.45 (US$57.5) per MWh.

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 IPPToday #119: US$2.66 billion transmission projects auctioned in Brazil

IPPToday #119: US$2.66 billion transmission projects auctioned in Brazil

🕔Dec 19, 2017

Brazil's Ministry of Mines and Energy has announced that the winning projects in the power transmission line auction that took place on Friday 15 December represent BRL8.75 billion (US$2.66 billion) in investments.

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IPPToday #117: Largest transmission line goes into operation two months in advance

IPPToday #117: Largest transmission line goes into operation two months in advance

🕔Dec 15, 2017

The first Latin America ±800 kV UHVDC (Ultrahigh-Voltage Direct Current) Electricity Transmission Line came into operation on December, 12th 2017 which drains energy generated by the Belo Monte Power Plant in Xingu (Pará, North of Brazil) to the National Interconnected System (SIN – Sistema Inter Nacional) in the Southeast region. 

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Brazil sets bidding caps for Dec 18 tender

Brazil sets bidding caps for Dec 18 tender

🕔Nov 20, 2017

The National Electric Energy Regulator (Aneel) has been authorized by The Brazilian Ministry of Mines and Energy (MME) to hold two auctions for new power generation projects to be held on December 18, 2017.

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IPPToday #98: BNDES and IDB sign US$2.4 B loan for infrastructure and sustainable energy projects

IPPToday #98: BNDES and IDB sign US$2.4 B loan for infrastructure and sustainable energy projects

🕔Nov 14, 2017

The president of the Brazilian Development Bank (BNDES), Paulo Rabello de Castro, and the vice-president for Countries of the Inter-American Development Bank (IDB), Alexandre Meira da Rosa, have signed an agreement of a conditional credit line worth USD 2.4 billion to fund  infrastructure and sustainable energy projects and productive projects of small and medium companies.

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IPPToday #96: Enel Green Power signs Brazilian solar debt

IPPToday #96: Enel Green Power signs Brazilian solar debt

🕔Nov 10, 2017

The Brazilian Bank will provide funding for three solar photovoltaic facilities totaling 350 MW of Enel, and a 132 MW project under development by Norwegian companies Scatec Solar and a Statoil.

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IPPToday #76: Enel sells 80 % stake in 1.7GW  renewable energy portfolio

IPPToday #76: Enel sells 80 % stake in 1.7GW renewable energy portfolio

🕔Oct 11, 2017

Enel S.p.A., acting through its renewables subsidiary Enel Green Power S.p.A., has signed agreements with the Canadian institutional investor Caisse de dépot et placement du Québec (CDPQ) and the investment vehicle of the leading Mexican pension funds CKD Infraestructura México S.A. de C.V. for the sale of 80% of the share capital of a newly formed Mexican holding company, owner of the entire capital of eight special purpose vehicles (SPVs).

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IPPToday #67: Brazil awards nearly US$4B in hydropower auction

IPPToday #67: Brazil awards nearly US$4B in hydropower auction

🕔Sep 28, 2017

The Brazilian government has sold operating licenses for four hydroelectric dams with a total value of nearly US$4 billion.  

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Statkraft and Norfund swap hydropower shares

Statkraft and Norfund swap hydropower shares

🕔Sep 28, 2017

Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.

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Renova sells 605 MW Umburanas wind complex to Engie

Renova sells 605 MW Umburanas wind complex to Engie

🕔Aug 30, 2017

Renova Energia S.A. has signed an agreement to sell its rights and obligations related to the 605-MW Umburanas wind farm complex project in Brazil’s Bahia state to Engie Brasil Energia S.A. 

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Brazil's Chesf completes grid connection for 2.9 GW of wind projects

Brazil's Chesf completes grid connection for 2.9 GW of wind projects

🕔Aug 21, 2017

Brazil's Companhia Hidro Elétrica do São Francisco (Chesf) has completed all the electric power transmission works required to lease the production of the wind farms operating in the Northeast of the country.

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AES Tiete closes 386-MW Alto Sertão II wind complex acquisition in Bahia

AES Tiete closes 386-MW Alto Sertão II wind complex acquisition in Bahia

🕔Aug 9, 2017

AES Tiete Energia SA, the brazilian power producer, has concluded the acquisition of the totality of shares of Nova Energia Holding S.A., holder, through Renova, of the Alto Sertão II Wind Farm.

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