Deals
Renewables Most Leveraged Among Indebted Brazil Energy Companies
- Renova heads JPMorgan's list of 15 indebted utilities
- Utilities had total net debt of $21.9 billion in September
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Brazil’s energy industry is swimming in debt and renewable companies are leading the pack.
Renova Energia SA is at the top of a list of 15 power companies JPMorgan Chase & Co. ranked by debt levels, with leverage that’s 10.4 times earnings before interest, taxes, depreciation and amortization as of September. CPFL Energias Renovaveis SA came in third, with leverage of 5.9 times Ebitda, according to the report last month.