Renova considers bid for Alto Sertão III

Renova considers bid for Alto Sertão III

Debt Equity M&A Brazil Latin America Renewable

Brazilian wind power developer Renova said late Thursday that it received a binding offer from local investment firm Prisma Capital to acquire the second phase of the planned 743 MW Alto Sertão III wind power project. Any possible acquisition has to go through a bidding process with the assets sold as "isolated productive units" under the terms of ongoing bankruptcy proceedings, Renova said in a securities filing. "The company's management has not yet considered the proposal and, alternatively,

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