Brazil’s renewable power generation company Renova Energia will finalise the sale of wind farm Alto Sertão II to the Brazilian unit of AES Corp for about 700 million reais ($223 million), two people with direct knowledge of the matter said.

The project sale is a condition for Brookfield Asset Management’s plan to enter Renova’s controlling bloc in a deal valued at about 1 billion reais, said the people, who asked for anonymity because the matter remains private. Under terms of the deal, which could be announced in coming days, Canada’s Brookfield would purchase the 15.7 per cent stake that Light Energia SA has in Renova and then pump fresh cash into the company, said the people. Currently, Light forms part of a controlling bloc that owns about 64 per cent of Renova.

Renova units, a blend of its common and preferred shares, jumped 10 per cent, on top of a 15 per cent surge the prior trading day. Shares of Light shed 1.3 per cent, their fourth decline in five sessions. Renova did not have an immediate comment. Light’s press office referred any questions related to Renova to controlling shareholder Cia Energética de Minas Gerais.

Brookfield declined to comment. AES Brasil said it continues to analyze the Alto Sertão II transaction, without elaborating further.