Renova Energia SA (BVMF: RNEW11) has announced a new proposal for purchases made by AES Tiete Energia SA on Thursday at the Alto Sertao III wind farm of 400 MW.
The second offer of AES Tieste is the asset. In January, Renova rejected the previous proposal without giving reasons for the decision. The value of two offers is not revealed.
The operation is subject to good negotiation in the final documentation and receives the necessary approvals for the purposes.
The subsidiary of Renova, Light SA (BVMF: LIGT3) and Companhia Energética Minas Gerais SA (BVMF: CMIG4), known as Cemig, bought a wind farm in June of the year with Brookfield Energía Renovvavel.
Farallon, the Latin American Investimentos Ltda portfolio manager, also served in the Serta Alto III race and made an offer a few days before Christmas 2018.