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Eletrobras Will Sell Wind Farms in Rio Grande do Sul to Renewable Energy Company Omega Geração

Written by Kelly
Published on 08/09/2020 at 11:42
Eletrobras vai vender parques eólicos no Rio Grande do Sul para a empresa de energia renovável Omega Geração
Parque eólico/Imagem: Divulgação
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The 1.5 Billion Reais Deal Involved the Purchase of Eletrobras’ Stake in the Wind Farm of Santa Vitória do Palmar, Located in Rio Grande do Sul

The renewable energy sector in Brazil continues to grow with the entry of new players! Omega Geração is expanding its portfolio in the wind energy market and is authorized to acquire wind farms in Rio Grande do Sul from Eletrobras.

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The Administrative Council for Economic Defense (Cade) approved the deal without restrictions, as published in the Official Gazette of the Union this Tuesday (09/08).

In addition to purchasing Eletrobras’ wind farms in Rio Grande do Sul, Omega will also assume the debts of the projects, totaling approximately 1.5 billion reais. The deal was announced by the companies at the beginning of August.

The transaction involved the purchase of Eletrobras’ entire stake in the wind farm of Santa Vitória do Palmar, located in the south of the state of Rio Grande do Sul, as well as other projects totaling 583 megawatts of installed capacity.

With this acquisition, Omega is expanding its activities beyond the Northeast and Southeast and establishing a presence in Southern Brazil, while also increasing its portfolio in the country’s wind energy market, which is still modest and below 10%.

Omega Signs Multi-Million Dollar Contract with French EDF Renewables

Omega Geração intends to expand projects in the state of Bahia and announced the acquisition of half of the stake in wind farms from the French multinational EDF Renewables for R$ 662 million.

The binding agreement is for the purchase of a stake in the wind farms Ventos da Bahia 1 and 2, which have an installed capacity of 182.6 megawatts. According to Omega’s statement, the contract includes debts and the company will pay 55% of the amount in cash, while the remainder involves accepting the long-term indebtedness of the assets.

About Omega Wind Energy

Omega Energy is a Brazilian company that invests in 100% clean and renewable energy, with the premise of creating tangible value for all its stakeholders. Since its founding in 2008, the company has been seeking synergies between the needs of society and the company, operating in the wind energy sector.

Kelly

Engenheira de Petróleo especialista em Eficiência Energética e pós-graduada em Engenharia Civil; Possui experiência em atividades na indústria petrolífera onshore. Entre em contato para sugestões de pauta, postar vagas de emprego ou proposta de publicidade em nosso portal.

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