AES Tietê bids for Renova wind projects

AES Tietê bids for Renova wind projects

Corporate & Sovereign Strategy M&A Project & Infrastructure Finance Renewable Wind Brazil

AES Tietê, a Brazilian division of the US power company AES, has offered to buy the Alto Sertão III wind farm and another 1.1 GW in wind power projects from Renova Energia for an undisclosed price. Renova said it has not evaluated the offer and added that it is also studying other options to raise capital. Renova broke off talks of a sale with the Canadian investor Brookfield in May, although it had previously accepted an offer for BRL650m ($168m) plus BRL150m in earn-out costs. The São Paulo-ba

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