Eletrobras initiates sale of 79-MW wind portfolio in Brazil

Brazilian power producer and distributor CGT Eletrosul, a subsidiary of utility Eletrobras (BVMF:ELET3), has approved the start of the sale process for its 78% interest in a 79.2-MW wind portfolio.

Eletrobras said on Tuesday that CGT Eletrosul’s board has agreed to sell the entirety of its shares in Livramento Holding SA, also know as Eolicas do Sul, the special purpose entity (SPE) that owns the portfolio.

According to the utility's filling, the competitive process in which the equity will be offered allows a joint sale of the shares held by the minority shareholder as well.

Dubbed Santana do Livramento Wind Power Complex, the portfolio consists of five wind power plants -- Cerro dos Trindade, Ibirapuita, Cerro Chato IV, V and VI -- of which only Ibirapuita, with 25.2 MW of installed capacity, is in commercial operation.

Eletrobras informs that the interested parties can apply to take part in the sale process from August 11 to October 29, 2021.

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