Companhia Paranaense de Energia - COPEL, operating as Copel, is a Brazilian electric utility company headquartered in Curitiba, Paraná. Founded in 1954 and majority-owned by the State of Paraná, it generates, transmits, distributes, and commercializes electricity, primarily through hydropower assets. The company serves over 4 million consumer units across hundreds of municipalities in Paraná and ranks among Brazil's largest power utilities, with an installed capacity exceeding 6 GW prior to recent expansions.
In 2026, Copel awarded major contracts for adding generating units at existing hydropower plants, boosting total capacity by more than 2 GW as part of Brazil's capacity reserve initiatives.
Turnkey contracts will add >2.1 GW across two plants, lift installed capacity by 34%, start construction in 2026 and bring units online in 2030.
