EDP to sell hydro plants in Brazil, bet on solar

With the goal of revamping its electricity generation portfolio, EDP Brasil has put up for sale three of the six hydropower plants it operates in the country. The effort has already begun, and the Portuguese-controlled company is likely to receive non-binding proposals for the assets in the coming weeks. The attention in the generation segment is focused on solar power, which should receive a relevant part of the $1.8 bn in investments estimated by the company by 2025.

Source: Valor International