Renova’s judicial recovery plan approved, debt reaches $500 mm

Renova had its judicial recovery plan approved by the 2nd São Paulo Bankruptcy and Judicial Recovery Court, Cemig, a shareholder of the generator, said in a relevant fact. The approval involves the Alto Sertão III wind farm and Renova itself. The company filed for judicial recovery in October 2019 after registering debts of more than R$2.5 billion ($500 mm).

Source: Energia Hoje