Brazilian Electric Power Company shares rise 1.99% intraday after Cosan's potential Raizen investors emerged.

Brazilian Electric Power Company rose 1.99% in intraday trading, with the company's stock price movement potentially influenced by the recent news that Scatec, a Norwegian renewable developer, secured a 15-year power purchase agreement with BTG Pactual's Colombian energy trading unit for 85% output from a 130MW solar facility in Nariño. This agreement marks Scatec's inaugural entry into the Colombian market, with a total capital expenditure of $110 million. The financing structure incorporates 65% debt leverage through non-recourse arrangements, whilst Scatec retains majority ownership alongside Norway's development finance institution Norfund as a minority equity partner.