Wind Energy

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

Reuters
09/08/2017 03:27
Visualizações: 3616 (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
BOGE2026
Lumina Group Makes Its Presence Felt at Bahia Oil & Gas ...
29/05/26
BOGE2026
Bahia Brings Together Industry, Innovation, and Business...
28/05/26
Royalties
Amounts related to March production for concession and t...
28/05/26
BOGE2026
Oil & Gas Expansion Boosts Demand for Industrial Waste T...
28/05/26
BOGE2026
BRAVA Energia Marks Presence at Bahia Oil & Gas Energy 2...
27/05/26
IBP
Brazil Can Expand Its Prominence as a Global Energy Supp...
27/05/26
Investments
Petrobras and Transpetro announce R$ 2.8 billion in inve...
27/05/26
International Company News
Jumbo orders a new class of versatile heavy lift vessels
27/05/26
BOGE2026
The Largest Oil and Gas Event in the North and Northeast...
25/05/26
BOGE2026
With production on the rise, independent players lead di...
25/05/26
ANP
ANP Workshop Debates Boosting Oil and Gas Exploration in...
25/05/26
BOGE2026
ANP participates in Bahia Oil & Gas Energy 2026, in Salvador
25/05/26
Fenasucro
Future Fuel consolidates Brazilian pioneering role and b...
20/05/26
Partnership
Radix partners with Repsol Sinopec Brasil and PUCRS to c...
20/05/26
Communication
The behind-the-scenes story of communication and adverti...
20/05/26
Result
Total oil production under production-sharing regime hit...
20/05/26
BOGE2026
Global geopolitics’ impact on the local oil sector to be...
19/05/26
International Women's Day
IBP celebrates International Women at Sea Day and reinfo...
19/05/26
Pre-Salt
Mero Field in the Santos Basin Pre-Salt Receives Unprece...
14/05/26
Results
Petrobras reports net profit of R$ 32.7 billion in the f...
14/05/26
Partnership
Halliburton and Shape Digital establish strategic collab...
06/05/26
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.