IN-DEPTH: Exciting times at Renova

Matthias Becker says this month's A-3 tender has more risks than the previous one in August

Mathias Becker says this month's A-3 tender has more risks than the previous one in August

The buzz of activity at Renova Energia's office will rise steadily in the coming months.

By early next year, the company is due  to connect 460MW of wind to the grid and close its capital increase process, which will see Cemig taking a controlling stake in Brazil's biggest wind developer.

Meanwhile, there are still two power auctions to be held in 2013, starting on 18 November, when Renova will take part in the A-3 tender.

Chief executive Mathias Becker won't comment publicly on this auction. Instead, during a press conference call, he said this tender has more risks than the previous one in August, Log in to read complete article.

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