Odebrecht Seeks Renewable-Energy Partners as Brazil Funds Dry Up
This article is for subscribers only.
Odebrecht Energia, a unit of Brazilian construction giant Odebrecht SA, is seeking investors to buy stakes in its renewable-energy assets as credit conditions deteriorate in Brazil.
The developer is in talks with four international pension funds that are interested in the company’s wind, biomass and hydroelectric plants, said Felipe Jens, chief investment officer of Sao Paulo-based Odebrecht Energia. The company has 2.4 gigawatts of installed capacity in the country.