AES buys more Renova wind farms

AES buys more Renova wind farms

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

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

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