March 24, 2020
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
Brazilian renewable energy company chooses three local funds over US investor