2W Energia will make an IPO of $288 mm for wind power plants

2W Energia is another company with plans to make an initial stock offering (IPO) at B3. The company has filed an offer request with the Brazilian Securities and Exchange Commission (CVM) for a primary issuance of shares. One of the objectives with the funds to be raised, according to the prospectus, is to invest in wind energy projects. The IPO should be in the amount of R$1.5 billion ($288 mm).

Source: Agencia Estado

Brazil’s energy burden falls 3.4% in June, but shows signs of recovery, says ONS

Brazil’s electric power demand registered a drop of more than 3% in June compared to the same period last year, said the National Electric System Operator (ONS). According to ONS’s, the 61,602 average megawatt load registered by the National Interconnected System in June represents a drop of 3.4% in the annual comparison, but an increase of 2.5% in the following month.

Source: R7