March 25, 2019 |
Renova Energia said its board of directors has accepted a revised offer from AES Tietê to acquire the Alto Sertão III wind power complex in the state of Bahia.
Renova rejected a bid for Alto Sertão III and other wind power assets without explanation in January this year. The São Paulo-based energy company had previously accepted a BRL800m ($205m) offer from Canada's Brookfield, but it broke off the talks in May last year.
AES Tietê, a subsidiary of the US energy company AES Corp, bought a nearby
São Paulo-based energy company also says it will sell debentures to settle debts with banks and its parent companies, Cemig and Light