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U.S. firm to buy up state-owned stake in renewable energy company

Brazil's development bank agreed to sell its stake in renewables firm AES Tietê to U.S. company AES Corp, signaling foreign appetite in the energy sector

U.S. firm to buy up state-owned stake in renewable energy company
Photo: AES

The renewables sector in Brazil has just gotten a little less state-heavy, with national development bank BNDES accepting an offer from US-based AES Corp to take over its stake in AES Tietê, a renewable energy company that operates hydroelectric plants and wind power parks. AES Corp’s bid for BNDES’ stake, though unsurprising, may be seen as a good omen of foreign interest in Brazil’s renewable energy platform, says Joisa Dutra, director of the Infrastructure Regulation Center (FGV-Ceri), speaking to The Brazilian Report.

“The [renewables] sector has revealed a certain maturity in its capacity, including in relation to other infrastructure segments,”...

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