E.On Powers Into Brazil as German Growth Stagnates

摘要

Germany's largest utility, E.On, has made good on promises to expand outside Europe, last week buying a 10% stake in Brazilian power company MPX Energia for roughly ?350 million ($445 million). The firms plan to build up to 20 gigawatts of fossil-fuel and renewable electricity capacity in Brazil and neighboring Chile, which observers suggest could cost $34 billion. E.On says financial support will come from Brazilian development bank BNDES.