Brookfield Asset Management Inc. and Endesa SA are among companies weighing bids for a package of EDP-Energias de Portugal SA electricity assets that could fetch about 2 billion euros ($2.3 billion).The bids are expected for about 2 gigawatts of hydroelectric power projects in Spain and Portugal.

Brookfield Asset Management Inc. is an alternative asset management company. It has around $330 billion of assets under management, with revenues of US$56 billion and Net Income of US$7.5 billion as of 2018. focusing on real estate, renewable power, infrastructure and private equity.

Endesa, S.A is the largest electric utility company in Spain. It is a subsidiary of the Italian Utiltiy company, Enel. Both are listed.

EDP-Energias de Portugal is the largest Portuguese company by assets. Moving forward, EDP is working to fund an investment plan focused on strengthening its renewable energy portfolio in the US, Europe and LA. They plan to raise more than 6 billion euros from offloading non-core parts of its portfolio and cutting stakes in some projects. They aim to focus on wind related projects.

The Iberian Pennisula is the Southwestern tip of the European Continent and includes the countries of Andorra, Portugal and Spain, and the British Crown colony of Gibraltar.