Brazil's Copel forms wind-power unit

Brazilian state-owned utility Copel has launched a new subsidiary focused on the renewables sector.

Copel Renováveis will become the wind-power investment arm of the government in the southern state of Paraná.

The new company is born with 183.6MW of wind farms under construction, a R$286m ($131m) asset that was bought in June this year from developer Casa dos Ventos.

It also inherits a 2.5MW small-scale plant that has been in operation since 1999.

No further information has been disclosed by the utility so far.

Copel operates 4.5GW of power plants. Almost all of its capacity is spread among the 20 hydroelectric units it owns in southern Brazil.