April 11, 2019 |
Brazil's AES Tietê has agreed to spend BRL516m ($135m) and assume BRL988m in debt to take control of Alto Sertão III and other wind power projects from Renova Energia, the companies said in separate statements.
AES Tietê, a subsidiary of the US energy company AES Corp, said it will pay up to BRL350m for Phase A of Alto Sertão III, a 438 MW project that is in the pre-operational stage, and up to BRL90m for Phase B, a 305 MW development that is ready to start construction. AES Tietê also said it
Brazilian renewable energy company agrees to spend $135m and assume $260m in debt for Alto Sertão III and other projects