Copel Agrees to $128 Million Purchase of Brazilian Wind Farms

Cia. Paranaense de Energia, a Brazilian utility known as Copel, agreed to buy wind-energy company Salus Fundos de Investimento em Participacoes for 286.1 million reais ($128 million).

Salus Fundos owns seven projects with a total of 183.6 megawatts of capacity that won contracts to sell power in two government-organized auctions in 2010 and 2011, Curitiba, Brazil-based Copel said yesterday on its website. The purchase marks “the company’s effective entry into the wind generation segment.”

The board also approved the acquisition of 30 percent of the shares in the Baixo Iguacu hydroelectric project, according to the statement.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.