“We are in the process of seeking new capital, through a new partner,” Marques tells Recharge. “The time isn’t right for an initial public offering.”

Bioenergy is performing due diligence on potential partners, but may only decide after tenders scheduled for December, when it will have a better idea of what kind of capi­tal it requires.

The company has 28.8MW of wind in operation; 180MW contracted and in development; and 600MW ready to participate in ­future ­tenders.

Even