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Eletrobras bags USD 325m from wind, transmission assets sale

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

September 28 (Renewables Now) - Brazilian electric utility Centrais Eletricas Brasileiras SA (BVMF:ELET3), better known as Eletrobras, has raised close to BRL 1.3 billion (USD 325.6m/EUR 279.3m) from the sale of wind power and transmission assets.

Through a tender held on Thursday, the company sold its interests in 64 special purpose entities (SPE) in 11 lots, including three wind power generation and eight power transmission line lots.

In all, Eletrobras auctioned its SPEs in 18 lots, eight wind for a total capacity of 1,605 MW and 10 lots for power transmission lines totalling 2,910 km (1,808 miles). It sought to raise at least BRL 3.1 billion in total, but eight lots received no proposals at all. Moreover, just two lots were traded above the minimum price.

More details are available in the table below.

Lot Type Price in million Bidder
C Wind BRL 66.7 Eolica Serra das Vacas
F BRL 171.3 J.Malluceli
H BRL 232.6 Brennand
I Transmission BRL 277.5 Equatorial Energia
J BRL 105 Copel Geracao e Transmissao
K BRL 109.5 Alupar Investimento
L BRL 78 Taesa
M BRL 78.4 Alupar
N BRL 39.9 Taesa
O BRL 94.9 Consórcio Olympus
P BRL 43.2 Taesa

The president of Eletrobras, Wilson Ferreira Jr, told journalists as quoted by Reuters that the company remains interested in selling the assets that got no offers, but noted that he will have to discuss the matter with the board of directors and the ministries.

(BRL 1 = USD 0.25/EUR 0.21)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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