With R$1.4bn ($450m) in cash – and accruing revenues from its newest wind farm – Brazil’s CPFL Renováveis is studying 4GW in renewable energy assets for possible acquisition in a market where greenfield opportunities have been drastically reduced after almost two years without tenders.
“We will be looking at all possibilities of growth. But while waiting for new tenders, we are studying acquisitions and even the possibility of developing projects for the non-regulated market,” says CEO Gustavo Souza.
