Copel mulls financing options after wind farm acquisition

Copel mulls financing options after wind farm acquisition

Corporate & Sovereign Strategy Equity M&A Brazil ESG Capital Markets Wind

Companhia Paranaense de Energia (Copel), a state-controlled energy company in Paraná, Brazil, is weighing options to finance the BRL1.8 billion ($345 million) acquisition of two wind farm complexes from Portugal-based energy utility EDP, company executives told investors in a conference call. The wind farm complexes benefit from long-term financing from Brazil's regional development bank Banco do Nordeste (BNB) that matures in 2043 at an average interest rate equivalent to the Brazilian IPCA inf

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