Brookfield denies reported plans to sell Brazil renewables firm

Investment firm Brookfield is planning to sell some assets controlled by Brazilian renewable energy firm Elera Renovaveis but denied media reports that the whole firm is up for sale, the company has confirmed

“Brookfield is evaluating the negotiation of certain energy assets in its portfolio but clarifies that it is not offering the company Elera Renováveis for sale,” the company said in an emailed response to Windpower Monthly.

Formerly known as Brookfield Energia Renovavel, Elera controls hydroelectric, solar and wind assets in Brazil and Uruguay.

The infrastructure fund has its origins in the South American country when it was set up to build transport and power infrastructure at the very end of the 19th century. It has since expanded into property, energy and insurance, among other businesses.