Energimp is backed by Aneel to sell wind farms to Sequoia Capital

Energimp is backed by Aneel to sell wind farms to Sequoia Capital

SAO PAULO (Reuters) - Energimp, a partnership between Argentine wind equipment manufacturer Impsa and the FGTS investment fund (FI-FGTS), has been authorized to sell a ...

SAO PAULO (Reuters) - Energimp, a partnership between Argentine wind equipment maker Impsa and the FGTS investment fund (FI-FGTS), has been authorized to sell a set of wind farms under construction in Ceara to Sequoia Capital, according to an order of the National Electric Energy Agency (Aneel) in the Official Gazette this Wednesday.Sequoia had been negotiating with Energimp for months and had already submitted to the company a binding proposal for the assets, with the forecast to invest about 1 billion reais in investments to complete the projects, which have an installed capacity of about 200 megawatts, according to published by Reuters in May.The transaction depended on the regulator's approval because Energimp delayed the implementation of the projects, which could lead to the revocation of the contracts.However, Aneel stressed that the authorization for the business is subject to the payment of defaults and debts of Energimp projects in its energy contracts and the us...


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