Full-year profits at Brazil's largest renewable energy company, CPFL Renováveis, surged almost tenfold to R$118m ($31m) in 2018, as the company cut expenses and implemented power trading strategies that compensated for slower wind speeds.
“The Initiatives of Value programme was conducted by a multidisciplinary team and had a positive effect on the company’s results, contributing to mitigate the impact of weaker winds.
