Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

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NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

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Industry News

Spanish Endesa Won't Bid for Brazil's Copel

LCG, Oct. 9, 2001--Spanish global energy company Endesa said yesterday it would not bid in the privatization sale of integrated utility Companhia Paranaense de Energia, commonly called Copel, by the southern state of Parana.

Endesa joins Electricit de France in withdrawing from the auction, placing the sale in doubt. "The market is full of uncertainty about whether Copel's auction would happen at all after Endesa's pullout," said an official of a Brazilian bank.

Between 76.5 percent and 90 percent of the voting stock in Copel will be sold in an auction on October 31, depending on how many of the company's minority shareholders participate in a government offer to buy their shares for inclusion in the auction.

But yesterday's announcement by Endesa knocked almost 10 percent off Copel's market capitalization on the Brazilian stock market.

The government of Parana, which will sell 76.5 percent of Copel's voting stock, has placed a minimum price of 4.32 billion rials ($1.6 billion U.S.) on the stake.

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