The renewable energy unit of the Brazilian power distributor, CPFL Energia is the largest shareholder in the country’s distributed solar energy business. The Initial Public Offering (IPO) from the Chinese utility, however, has been deemed too low by the Brazilian securities market authority.
Brazil’s third biggest electric utility company has set up Envo, a new unit offering residential and commercial PV solutions under net metering. The offer includes a financing option with Banco Santander.
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