The sources say that Vale in advanced talks selling renewable assets to Brazil

Written by Leticia Fukuchima and Luciana Majalbah

SAO Paulo (Reuters) – Two people familiar with this issue said.

The sources said that the 70 % deal from both Alianca Energia, Vale’s Energia and the solar energy factory also attracted attention from Casa Dos Ventos and China Three Gorges (CTG), which is no longer in running.

Sources added that Vale chose to continue negotiations exclusively with GIP, but the final contract has not been signed.

Fall said in a statement that he is looking for potential partners for Alianca, but no final decision has been reached and no binding agreement was signed.

GIP refused to comment.

One of the sources said that GIP could pay between 5 to 6 billion ries (870 million dollars to $ 1.04 billion) compared to 70 % of Alianca and the solar energy factory. Alianca runs a group of photovoltaic power plants and wind farms, with a total capacity of about 1300 megawatts.

The Brazilian news website, Faria Lima, said on Thursday that the talks between Vale and GIP were advancing.

Vale became the only owner of Alianaca last year, when she paid 2.7 billion rites (470 million dollars) for a 45 % stake in the power company, which launched the project in 2013.

($ 1 = 5.77 Reais)

(I participated in the Reports of the Leticia Fukuchima and Luciana Majalbah; edited by Brad Heinz and Alexeer Bell)