CPFL Energias Renovaveis S.A.: Annual Update
INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 2 March 2017 Update RATINGS CPFL Energias Renovaveis S.A. Domicile Sao Paulo, Brazil Long Term Rating Ba3 Type LT Corporate Family Ratings - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Paco Debonnaire 5Cpfl Energias Renovaveis Sa. CPFL Energias Renovaveis SA, formerly ERSA - Energias Renovaveis SA, is a Brazil-based company engaged in the generation of renewable energy. Through its subsidiaries, the Company is primarily involved in the operation of small hydropower plants, biomass power plants and wind farms. As of February 28, 2012, it operated 34 small hydropower plants, eight wind farms and three thermoelectric plants, which total approximately 719 megawatts of capacity. The Company has a number of subsidiaries, including Alto Irani, Baixa Verde, Bio Alvorada SA, Bio Coopcana SA, Cachoeira Grande, Jantus SL, Mohini Empreendimentos, PCH Holding, Salto Goes, Santa Clara I, Santa Cruz and Santa Monica, among others. In August 2013, the Company announced that a thermoelectric biomass plant Coopcana, located in the city of Sao Carlos do Ivai, started operations. On February 27, 2014, the Company acquired 100% of shares of Rosa dos Ventos Geracao e Comercializacao de Energia SA.
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