Brazilian renewables developer Renova has filed for bankruptcy protection before a Sao Paulo court to restructure debts worth more than 3bn reais (€652m).
The announcement, which was made in a securities filing on Wednesday, came two days after shareholder Light sold its 17.17% stake in the company for a symbolic 1 Brazilian real.
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Renova had also been trying to sell wind farm projects to Brazilian renewables developer AES Tiete Energia, but negotiations collapsed last week after months of talks, according to local media.