Enel Considers Bid for Brazil’s Eletropaulo Amid Strategic Shift

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  • Move is part of shift away from fossil-fuel generation
  • Enel won contract to sell solar power cheaper than gas

Enel SpA is considering a bid to acquire AES Corp.’s Sao Paulo utility unit AES Eletropaulo, as Italy’s biggest utility continues its shift away from traditional fossil-fuel power plants to focus on renewable energy and distribution.

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