Wind Energy

France's Engie in talks to buy Renova wind power project in Brazil

Reuters
09/08/2017 03:27
Visualizações: 2155 (0) (0) (0) (0)

French power company Engie SA is in talks to buy a wind power project in Brazil from local firm Renova Energia SA, according to a document from Brazil's power sector watchdog Aneel seen by Reuters on Tuesday.

 

Engie's subsidiary in Brazil, Engie Brasil Energia SA, is handling the negotiation. The companies, however, depend on approval of proposed changes in the project by Aneel to close the deal, the value of which has not been disclosed.

 

According to the document, Renova asked the Brazilian regulator to allow the likely buyer of the complex, Engie, to postpone the deadline to start operations for four of 22 wind parks included in the project, called Umburanas, in the northern Bahia state.

 

According to the existing license to build and operate Umburanas, all parks should be operating by 2019.

 

Renova and Engie did not respond to requests for comments.

 

Controlled by Brazil's Companhia Energética de Minas Gerais SA , Renova has sought to sell some of its assets recently to reduce debt, while Engie has said it is looking to increase its holdings in Brazil's renewable energy industry.

Most Read Today
see see
ADIPEC 2025
Johnson Matthey: Leadership and Innovation Driving the G...
31/10/25
OTC Brasil 2025
OTC Brazil connects the Equatorial Margin’s potential to...
30/10/25
OTC Brasil 2025
New Version of ANP’s Greenhouse Gas Emissions Dynamic Da...
30/10/25
OTC Brasil 2025
Port of Açu and IKM Advance Partnership to Create Brazil...
30/10/25
OTC Brasil 2025
Port of Açu and SISTAC Sign Agreement to Provide Decommi...
29/10/25
Royalties
Royalties from August Production Distributed to States a...
29/10/25
OTC Brasil 2025
iUP Innovation Connections Links Innovation Strategy to ...
29/10/25
ANP
Permanent Production Sharing Offer: Registered Companies...
29/10/25
OTC Brasil 2025
Firjan Showcases Technology and Innovation Solutions for...
29/10/25
OTC Brasil 2025
O&G exploration is key to social development and a just ...
28/10/25
OTC Brasil 2025
Experts warn regulatory instability threatens US$100 bil...
28/10/25
International Company News
Sercel Awarded Major Contract by ONGC to Supply Sercel 5...
28/10/25
Record
Petrobras announces production record of FPSO Almirante ...
28/10/25
OTC Brasil 2025
Event brings together global offshore industry leaders a...
28/10/25
OTC Brasil 2025
Petrobras participates in OTC Brasil 2025, in Rio de Janeiro
28/10/25
Petrobras
Petrobras produced 3.14 million barrels of oil equivalen...
27/10/25
FIRJAN
By 2035+, Rio de Janeiro State’s Energy Potential Could ...
23/10/25
Pre-Salt
PPSA to auction in December the first share of governmen...
23/10/25
Auction
Petrobras wins auction and leases RDJ07 terminal at the ...
23/10/25
Permanent Offer
Equinor acquires two new blocks in the Campos Basin duri...
23/10/25
OTC Brasil 2025
OTC Brasil 2025 Kicks Off in One Week with a Packed Prog...
22/10/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.