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.

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