Renova, Engie Brasil enter advanced talks for wind complex

Renova, Engie Brasil enter advanced talks for wind complex

Project & Infrastructure Finance M&A Brazil

Renova Energia is in advanced talks to sell its 605 MW Umburanas wind complex to Engie Brasil Energia, a statement from the company showed. Located in the state of Bahia, the complex is comprised of 22 wind farms. The acquisition still requires approval from the Brazilian Electricity Regulatory Agency ANEEL. All facilities are scheduled to commence operations by 2019, according the wind complexes existing licenses. Engie is Brazil’s largest private power generator, with a 10.2 GW in installed ca

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