The sale of Eletrobras’s 524MW of wind assets may have helped it pay down its huge debts, but the process could affect investor interest in new greenfield projects in Brazil if the federal power group decides to continue selling stakes in wind companies that still add up to over 1GW, commentators fear.

“Why should anybody invest in greenfield [developments] if Eletrobras is selling relatively new projects for half the price of new ones,” said Roberto D'Araújo, power sector analyst at Instituto Ilumina.