Wind Energy

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

Reuters
09/08/2017 03:27
Visualizações: 2157 (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
Agreement
Wärtsilä Lifecycle agreement renewed to maintain safe, r...
22/10/25
Petrobras
Petrobras receives operating license for deepwater explo...
20/10/25
Equatorial Margin
License Grant for Drilling in the Equatorial Margin Is P...
20/10/25
Equatorial Margin
ABESPetro Statement on the Licensing of the Equatorial M...
20/10/25
Energy Transition
BNDES, Petrobras, and Finep select Valetec to manage the...
20/10/25
Pre-Salt
Petrobras and PPSA sign equalization agreement for Jubar...
20/10/25
WPC Energy Youth Forum
Kuwait to Host 8th WPC Energy Youth Forum in October 2025
20/10/25
Exports
Petrobras signs contract to sell six million barrels of ...
20/10/25
Petrobras
Petrobras puts the Harpia supercomputer into operation
10/10/25
PPSA
PPSA Publishes Notice for the Non-Contracted Areas Auction
10/10/25
ROG.e
IBP Launches the New ROG.e: The World’s Largest Energy F...
10/10/25
Pre-Salt
CNPE Sets Minimum Value of BRL 10.2 Billion for the Unio...
08/10/25
Natural Gas
Petrobras Carries Out First Natural Gas Import from Arge...
08/10/25
Agreement
Seagems renews Wärtsilä Lifecycle Agreement to support t...
07/10/25
Pre-Salt
Petrobras begins contracting for the construction of FPS...
03/10/25
International Company News
Alkhorayef Petroleum Company acquires GRC Technologies, ...
01/10/25
Pre-Salt
FPSO P-78 arrives at the Búzios Field
01/10/25
RD&I
Brazil Has the Capacity to Develop Its Own Technology fo...
01/10/25
Equatorial Margin
Ibama Approves Pre-Operational Assessment (APO) Conducte...
26/09/25
Sustainable Aviation
Embraer Advances SAF Studies Following Acquisition of Bi...
26/09/25
International Company News
ExxonMobil Guyana Expands Capacity With Seventh Offshore...
24/09/25
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.