Renova Energia SA has accepted the binding offer jointly made by ARC Capital Ltda., G5 Administradora de Recursos Ltda., and XP Vista Asset Management Ltda. on financing for the completion of the works of the 743 MW Alto Sertão III wind complex - Phase A, as well as for the Renova's current operating expenses.
In accordance with the terms of the Binding Offer, the Renova Energia SA will grant a period of 30 days of exclusivity, starting from March 20, for the satisfactory negotiation of the transaction documents between the parts.
Country updates
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March 23, 2020
IBS Energy awarded EPC contract for 80 MW biomass project of PowerChina
Grupo IBS Energy has been awarded an engineering, procurement and construction (EPC) contract from the unit of PowerChina, Sepco1 Construcoes do Brasil Ltda, for the development of an 8...
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March 23, 2020
Voltalia signs PPA for 150 MW VSM 3 wind project
Voltalia SA has signed a power purchase agreement (PPA) with an unnamed Brazilian utility for the energy produced from the 150 MW VSM 3 wind project in Brazil. The project is owned by Voltalia...
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March 19, 2020
Renova Energia receives offer for Alto Sertao wind complex 438 MW Phase A buyout
Renova Energia has received from Castlelake and its affiliates a binding proposal to buy phase A of 743 MW Alto Sertão III wind farm in Bahia state, Brazil. Renova said it has not analyzed the...
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March 17, 2020
Petrobras starts binding phase for the sale of 10% stake in TAG
Petróleo Brasileiro S.A., more commonly known as simply Petrobras, has started the binding phase for the sale of the remaining 10% stake it owned in the Transportadora Associada de Gas (TA...
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March 17, 2020
Petrobras, Wobben Windpower to launch the sale of interests in Mangue Seco 3 and 4 wind project
Petrobras and Wobben Windpower Indústria e Comércio Ltda has started the disclosure stage for the joint sale of all shares in the Mangue Seco 3 and 4 wind farms. Petrobras owns the...
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