Renova accepts wind farm financing offer

Renova accepts wind farm financing offer

Project & Infrastructure Finance Debt Loans M&A Energy Renewable Wind Brazil US

Brazilian renewable energy company Renova Energia said on Friday evening that it accepted an offer from three local investment fund managers to finance construction of the Alto Sertão III wind power project in the state of Bahia. ARC Capital, G5 Partners and XP Investimentos presented a proposal in late February to provide the funding to finish building the first phase of the wind farm without disclosing the amount or the financing terms. Renova and the investment firms have 30 days to negotiate

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