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AES finalizes Brazilian wind farm purchase for $193M

Published 04/19/2017, 11:38 AM
© Reuters.  AES finalizes Brazilian wind farm purchase for $193M
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  • AES Corp.'s (AES -0.4%) Brazilian unit agrees to acquire the Alto Sertao II wind farm project from Renova Energia for 600M reais ($193M).
  • The deal's value could increase by 100M reais within five years, depending on whether the project outperforms some unspecified operational metrics.
  • The sale reportedly is a condition for Brookfield Asset Management's (BAM -0.1%) plan to enter Renova's controlling bloc in a deal valued at ~1B reais.


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