By early next year, the company is due  to connect 460MW of wind to the grid and close its capital increase process, which will see Cemig taking a controlling stake in Brazil's biggest wind developer.

Meanwhile, there are still two power auctions to be held in 2013, starting on 18 November, when Renova will take part in the A-3 tender.

Chief executive Mathias Becker won't comment publicly on this auction.