Home Renewable Energy Brazil’s Renova to finalize wind farm sale to AES unit Monday – sources
Brazil’s Renova to finalize wind farm sale to AES unit Monday – sources

Brazil’s Renova to finalize wind farm sale to AES unit Monday – sources

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Brazil’s renewable power generation company Renova Energia SA will finalize the sale of wind farm Alto Sertao II to the Brazilian unit of AES Corp for about 700 million reais ($223 million) as early as Monday, two people with direct knowledge of the matter said.

The project sale is a condition for Brookfield Asset Management Inc’s plan to enter Renova’s controlling bloc in a deal valued at about 1 billion reais, said the people, who requested anonymity because the matter remains private.

Renova and the AES unit did not have an immediate comment. Brookfield declined to comment.

Source:reuters
Anand Gupta Editor - EQ Int'l Media Network

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