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.
Energy Finance & Investment News in Brazil
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.
IPPToday #143: President of Brazil submits bill for US$3.8 billion privatisation of Eletrobras to Congress
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%).
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.
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.
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.
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.
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.
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.
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.
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).
The Brazilian government has sold operating licenses for four hydroelectric dams with a total value of nearly US$4 billion.
Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.
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.
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.
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.
ANEEL, the Brazilian Electricity Regulatory Agency has announced an unusual tender aimed to eliminate part of the excess capacity that Brazil has at the moment. The auction involves the termination of 4,248.5 MW of wind, solar and hydropower projects.
EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II photovoltaic project from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the photovoltaic panels at its local plant.
Brazil's renewable power generation company Renova Energia SA has announced it has canceled 188.2 MW of wind projects in Brazil.