Table of Contents
Table of Contents 2
List of Tables 5
Company Snapshot 6
Key Information 6
Company Overview 6
SWOT Snapshot 6
Operational Metrics 7
CPFL Energia SA, Operational Metrics, By Capacity 7
CPFL Energia SA, Operational Metrics, By Generation 7
CPFL Energia SA, Operational Metrics, By Transmission 7
CPFL Energia SA, Operational Metrics, By Distribution 7
CPFL Energia SA, Operational Metrics, By Customers 7
CPFL Energia SA, Operational Metrics, By Sales 8
CPFL Energia SA, Wind Farms 9
CPFL Energia SA, Wind Farms, Brazil 9
CPFL Energia SA, Solar PV Parks 14
CPFL Energia SA, Solar PV Parks, Brazil 14
CPFL Energia SA, Hydro Power Plants 15
CPFL Energia SA, Hydro Power Plants, Brazil 15
CPFL Energia SA, Biopower Plants 17
CPFL Energia SA, Biopower Plants, Brazil 17
CPFL Energia SA, Thermal Power Plants 18
CPFL Energia SA, Thermal Power Plants, Brazil 18
Business Description 19
Business Overview 19
Major Products and Services 20
History 21
SWOT Analysis 25
Overview 25
CPFL Energia SA Strengths 25
Customer Diversity 25
Distribution Network 25
Cost Efficiency 25
CPFL Energia SA Weaknesses 26
Working Capital 26
CPFL Energia SA Opportunities 26
Strategic Initiatives 26
Prospects for Growth in Demand for Electricity: Brazil 26
Strategic Acquisitions and Mergers 26
CPFL Energia SA Threats 26
Seasonal Variations and Climate Conditions 26
Transmission and Distribution Network Security 26
Stringent Government Regulations 26
Financial Ratios – Capital Market Ratios 28
Financial Ratios – Annual Ratios 28
Financial Ratios – Interim Ratios 30
Key Employees 31
Key Employee Biographies 32
Locations And Subsidiaries 34
Head Office 34
Other Locations & Subsidiaries 34
Financial Deals Landscape 37
CPFL Energia SA, Deals Summary 37
CPFL Energia SA, Power, Deal Details 39
Asset Transactions 39
CPFL Renovaveis Acquires Canoa Quebrada And Lagoa Do Mato Wind Farms In Brazil From Martifer Renovaveis Geracao De Energia E Participacoes For US$28.3 Million 39
CPFL Energia To Invest US$7.5 Million In Solar PV Project In Brazil 40
CPFL Energias Acquires Four Wind Power Projects In Brazil From Cobra Instalaciones 41
CPFL Energias Renovaveis Acquires Ester Biomass Power Plant In Cosmopolis, Brazil For US$61.4 Million 42
CPFL Energias Renovaveis To Invest US$199.3 Million In Four Wind Farm Projects In Rio Grande do Norte, Brazil 43
CPFL Energias Renovaveis To Invest US$270 Million In Sao Benedito Wind Farms In Rio Grande do Norte, Brazil 44
CPFL Energia To Invest US$101 Million In Biomass Power Plant In Arapora, Brazil 45
CPFL Energias Renovaveis Completes Project Financing of USD53 Million for Pedra Cheirosa I and II Wind Power Plants in Ceara, Brazil 46
CPFL Energias Renovaveis Completes Project Financing of USD173.5 Million for Atlantica Wind Farm Power Projects In Brazil 47
Equity Offering 48
CPFL Energias Renovaveis Completes IPO Of Shares For US$236.4 Million 48
Debt Offering 49
CPFL Renovaveis Completes Public Offering Of Debentures Due 2021 For US$132.3 Million 49
CPFL Energia Announces Public Offering Of Debentures Due 2020 For US$203.8 Million 50
CPFL Energias Announces Offering Of Debentures For US$633 Million 51
Acquisition 52
State Grid Corporation to Acquire Remaining 45.36% Interest in CPFL Energia in Tender Offer 52
State Grid International Acquires Majority Interest in CPFL Energia 53
CPFL Energia Acquires AES Sul from AES 56
CPFL Energias Renovaveis Completes Acquisition Of Rosa dos Ventos, Wind Power Generation Company, From Martifer Renovaveis Geracao For US$46.3 Million 58
CPFL Energias Renovaveis Completes Acquisition Of BVP, Wind Project Developer, For US$638 Million 59
CPFL Energy Acquires Jantus For US$597.5 Million 61
Recent Developments 63
CPFL Energia SA – Recent Developments 63
May 03, 2017: CPFL Energia: Launch of ENVO , Company that will offer Solar generation 63
Apr 20, 2011: Wobben Windpower Plans To Manufacture 161 Concrete Towers For Wind Projects In Brazil 63
Mar 30, 2011: CPFL Plans To Build Five Wind Farms In Brazil With $368m Investment 63
Nov 17, 2009: IBM Expands GIUNC To Advance Smart Grid Development 63
Oct 08, 2009: Vale To Form Consortium For Bel Monte Hydro Project In Brazil 64
Jun 11, 2008: CPFL Energia To Build Four Hydro Plants In Brazil 64
Nov 12, 2015: 3Q15 Earnings release: CPFL Energia S.A. 64
Nov 13, 2014: CPFL Energia S.A. Announces Third Quarter 2014 Earnings Conference Call Webcast 65
Nov 13, 2014: CPFL Energia: 3Q14 Earnings Release 65
Aug 27, 2014: CPFL Energia: Notice to Shareholders – Dividends’ Payment for the 1H14 65
May 12, 2014: CPFL Energia Announces 1Q14 Net Income Of R$ 174 Million 66
Apr 08, 2014: CPFL Energia S.A. and Companhia Paulista de Força e Luz Announces Annual Tariff Adjustment – RTA of 2014 67
Mar 27, 2014: CPFL Energia announces 4Q 2013 Results 68
Nov 10, 2009: CPFL Energia Reports Net Income Of BRL290 Million In Q3 2009 68
Aug 10, 2009: CPFL Energia Reports Net Income Of BRL288.9 Million In Q2 2009 70
May 13, 2009: CPFL Energia Reports Net Income Of BRL282.7 Million In Q1 2009 72
Nov 13, 2007: CPFL Energia Declares Q3 2007 Results 74
Oct 17, 2017: Utilities Look to RF Mesh to Address Network Optimization for Next-Generation Distribution Grid 75
Nov 07, 2016: Silver Spring Networks to Expand CPFL Distribution Automation Program Across More Than 100,000 km2 of Sao Paulo State, Brazil 76
Aug 05, 2015: Silver Spring Networks and CPFL Energia Expand Leading Brazilian Smart Grid Program with Distribution Automation 77
May 08, 2015: CPFL Energia: 1Q15 Earnings Release 77
Sep 24, 2013: Silver Spring Networks and CPFL Energia Complete Successful First Phase of Brazilian Smart Grid and Initiate Expanded Deployment 78
Aug 13, 2013: Cia. Energetica to invest $621m in Brazilian renewables developer 78
Apr 04, 2013: ANEEL To Discuss New Tariffs For Cemat, Cemig, CPFL And Enersul In Brazil 79
Feb 27, 2013: CPFL Energia CFO Lorival Nogueira Light Resigns 79
Jan 17, 2013: DuPont Apollo Supplies Amorphous Silicon Solar Modules To CPFL Energia For 1 MWp Solar R&D Project In Brazil 79
Apr 18, 2012: CPFL Energia To Invest BRL8.3 Billion During 2012-2016 79
Apr 04, 2012: CPFL Energia To Invest BRL13.8m In Solar Power Generation In Sao Paulo, Brazil 80
Jun 27, 2011: CPFL Piratininga Installs 3M’s ACCR On 12km Segment Of Henry Borden-Jabaquara Transmission Line In Brazil 80
Jan 03, 2011: ANEEL Approves Test Operations At Unit 3 Of Foz do Chapeco Hydropower Project In Brazil 80
Sep 30, 2010: BNDES Approves BRL574 Million In Loan For CPFL Energia To Build Seven Wind Farms 80
Apr 28, 2010: CPFL Paulista Completes Tietê River Crossing In Brazil With 3M’s ACCR 81
Jul 14, 2009: CPFL Piratininga Installs 3M ACCR To Upgarde Transmission Line 81
Dec 07, 2012: Sisgraph To Deploy Intergraph’s InService Outage Management And Mobile Workforce Management Systems In Brazil 81
Aug 21, 2012: Itron To Supply Smart Meters To CPFL Energia In Brazil 82
Jul 30, 2012: Silver Spring Networks Selected By CPFL Energia To Deploy Smart Grid Network In Brazil 82
Jul 11, 2012: eMeter Selected By CPFL Energia To Rollout Smart Meter In Brazil 82
Appendix 84
Report Scope 84
GlobalData Coverage 84
Benchmarking 84
GlobalData’s Methodology 84
Secondary Research 84
Primary Research 85
Contact Us 85
Disclaimer 85
CPFL Energia SA, Key Facts 6
CPFL Energia SA, Operational Metrics, Capacity 7
CPFL Energia SA, Operational Metrics, Generation 7
CPFL Energia SA, Operational Metrics, Transmission 7
CPFL Energia SA, Operational Metrics, Distribution 7
CPFL Energia SA, Operational Metrics, Customers 7
CPFL Energia SA, Operational Metrics, Sales 8
CPFL Energia SA, Wind Farms, Brazil 9
CPFL Energia SA, Solar PV Parks, Brazil 14
CPFL Energia SA, Hydro Power Plants, Brazil 15
CPFL Energia SA, Biopower Plants, Brazil 17
CPFL Energia SA, Thermal Power Plants, Brazil 18
Major Products and Services 20
CPFL Energia SA, SWOT Analysis 25
CPFL Energia SA, Ratios based on current share price 28
CPFL Energia SA, Annual Ratios 28
CPFL Energia SA, Interim Ratios 30
CPFL Energia SA, Key Employees 31
CPFL Energia SA, Subsidiaries 34
CPFL Energia SA, Deals Summary 37
CPFL Renovaveis Acquires Canoa Quebrada And Lagoa Do Mato Wind Farms In Brazil From Martifer Renovaveis Geracao De Energia E Participacoes For US$28.3 Million 39
CPFL Energia To Invest US$7.5 Million In Solar PV Project In Brazil 40
CPFL Energias Acquires Four Wind Power Projects In Brazil From Cobra Instalaciones 41
CPFL Energias Renovaveis Acquires Ester Biomass Power Plant In Cosmopolis, Brazil For US$61.4 Million 42
CPFL Energias Renovaveis To Invest US$199.3 Million In Four Wind Farm Projects In Rio Grande do Norte, Brazil 43
CPFL Energias Renovaveis To Invest US$270 Million In Sao Benedito Wind Farms In Rio Grande do Norte, Brazil 44
CPFL Energia To Invest US$101 Million In Biomass Power Plant In Arapora, Brazil 45
CPFL Energias Renovaveis Completes Project Financing of USD53 Million for Pedra Cheirosa I and II Wind Power Plants in Ceara, Brazil 46
CPFL Energias Renovaveis Completes Project Financing of USD173.5 Million for Atlantica Wind Farm Power Projects In Brazil 47
CPFL Energias Renovaveis Completes IPO Of Shares For US$236.4 Million 48
CPFL Renovaveis Completes Public Offering Of Debentures Due 2021 For US$132.3 Million 49
CPFL Energia Announces Public Offering Of Debentures Due 2020 For US$203.8 Million 50
CPFL Energias Announces Offering Of Debentures For US$633 Million 51
State Grid Corporation to Acquire Remaining 45.36% Interest in CPFL Energia in Tender Offer 52
State Grid International Acquires Majority Interest in CPFL Energia 53
CPFL Energia Acquires AES Sul from AES 56
CPFL Energias Renovaveis Completes Acquisition Of Rosa dos Ventos, Wind Power Generation Company, From Martifer Renovaveis Geracao For US$46.3 Million 58
CPFL Energias Renovaveis Completes Acquisition Of BVP, Wind Project Developer, For US$638 Million 59
CPFL Energy Acquires Jantus For US$597.5 Million 61
