UPDATE 2-Brazil regulator blocks sale of wind complex by Renova to AES Tietê [Reuters]
The AES Corporation (AES)
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Source: Reuters
Brazil regulator blocks sale of wind complex by Renova to AES Tietê - Reuters 2 Min Read SAO PAULO (Reuters) - Brazil’s power sector regulator ANEEL rejected on Tuesday the proposed transfer of wind power complex Alto Sertao III from Renova Energia SA to AES Tietê, a 1.34-billion real ($346.73 million) deal closed in April. In a meeting of its board on Tuesday, ANEEL directors said the companies failed to show possible gains for the consumer or guarantees for the conclusion of the project. Renova and AES Tietê were also seeking from ANEEL suspension of some fines related to delays in the complex’s completion. In a securities filing, Renova Energia said the regulator’s decision only applies to windmills that already had future contracts to sell the energy. Windmills that did not have this contract could still be sold, Renova said. AES Tietê, which is part of U.S. energy firm AES Corp, said that the 350 million reais phase A of the project, with an installed capacity of 438 MW, was not
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News
- The AES Co. (NYSE: AES) had its price target lowered by analysts at Mizuho from $24.00 to $16.00. They now have an "outperform" rating on the stock.MarketBeat
- Babcock & Wilcox to convert AES Indiana's coal boilers to natural gas [Yahoo! Finance]Yahoo! Finance
- AM Best Affirms Credit Ratings of AES Global Insurance Company [Yahoo! Finance]Yahoo! Finance
- AM Best Affirms Credit Ratings of AES Global Insurance CompanyBusiness Wire
- Babcock & Wilcox Receives Full Notice to Proceed on $246 Million Contract for Indiana Power Plant Coal-to-Gas Fuel-Switching Project [Yahoo! Finance]Yahoo! Finance
AES
Earnings
- 10/31/24 - Beat
AES
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/13/24 - Form SC
- AES's page on the SEC website