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Renova Energia SA (RNEW11.SA)

RNEW11.SA on Sao Paulo Stock Exchange

10:49am EST
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Latest Key Developments (Source: Significant Developments)

Renova Energia SA announces termination of sale agreement with TerraForm Global Inc
Monday, 4 Apr 2016 07:45am EDT 

Renova Energia SA:Says that sale agreement with TerraForm Global Inc, concerning the company's assets in ESPA project, has been terminated.Says that TerraForm Global Inc is to pay break-up fee of $10.0 million.Says that assets, corresponding to three small hydroelectric power plants with 41.8 MW of installed capacity, will keep belonging to the company.Says it has informed SunEdison and TerraForm Global about its intention to execute sell option of 7 million TerraForm Global's shares of its ownership.Says that SunEdison has 60 days to settle the transaction and is able to chose share price between $15.0 and 50.48 Brazilian reais.  Full Article

Renova Energia SA announces chief executive officer change
Wednesday, 16 Mar 2016 07:37am EDT 

Renova Energia SA:Says Carlos Henrique Waack has resigned from CEO.Says it appoints Cristiano Correa de Barros as new chief executive officer of the company.Says Cristiano Correa de Barros now holds positions of CEO and CFO.  Full Article

Renova Energia SA considering cutting up to half of its staff this year - Bloomberg, citing sources - Reuters
Wednesday, 3 Feb 2016 08:06am EST 

Renova Energia SA:Brazilian renewable energy co Renova Energia SA considering cutting up to half of its staff this year - Bloomberg, citing sources.  Full Article

UPDATE 1-Brazil's Renova Energia board approves Brookfield deal

BRASILIA/SAO PAULO, Nov 27 Renova Energia SA's board has approved Brookfield Asset Management Inc's proposal to acquire a controlling stake in the Brazilian renewable energy company for 1.4 billion reais ($433 million), a securities filing showed on Monday.