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Share Name | Share Symbol | Market | Type |
---|---|---|---|
EDP Renovais SA (PK) | USOTC:EDRVF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.01 | 15.06 | 15.94 | 0.00 | 21:10:09 |
Spanish renewable energy company Iberdrola Renovables SA (IBR.MC) will participate in a massive tender Monday to build and run wind farms in Brazil.
National Electric Energy Agency, or Aneel, of Brazil will later Monday hold an auction for wind power in Latin America's biggest country. A total of 339 projects capable of generating more than 10,000 megawatts of electricity are registered to participate in the auction.
An Iberdrola Renovables spokeswoman early Monday couldn't say exactly how much generation capacity the company will bid for. Officials at other Iberian renewable power heavyweights EDP Renovaveis SA (EDPR.LB) and Acciona SA (ANA.MC) weren't immediately available for comment.
The Brazilian tender is one of the biggest around at the moment and most wind players will have an interest in it, said Dirk Schnitker, a trader at CM Capital Markets in Madrid.
Unlike in Spain, where the recession has strangled electricity demand, Brazil currently needs all the generation capacity it can get, Schnitker said.
Iberdrola Renovables is a unit of Spanish power utility Iberdrola SA (IBE.MC), and the world's biggest wind-power generator.
Company Web site: http://www.iberdrolarenovables.es
-By Bernd Radowitz, Dow Jones Newswires, +34-91-395-8125, bernd.radowitz@dowjones.com;
1 Year EDP Renovais (PK) Chart |
1 Month EDP Renovais (PK) Chart |
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