Omega Plans to Expand Wind Farm Portfolio in Bahia and Signs Million-Dollar Contract with French EDF Renewables

Written by Kelly

Published on 24/08/2020 at 14:36

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The Deal Involves the Purchase of 50% Stake in the Wind Farms Ventos da Bahia 1 and 2 with an Investment of R$ 662 Million

After Closing a Contract of R$ 500 Million to Acquire a Wind Farm from Eletrobras in Rio Grande do Sul, Omega Geração aims to expand its portfolio 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 announcement was made this Sunday (23).

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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 value in cash, with the remainder including the acceptance of long-term liabilities of the assets.

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Construction Works of the First Phase of the Wind Farm in Bahia Will Require Up to 500 Jobs in the Region

AES Tietê will invest R$ 1.3 billion to build the Tucano Wind Complex in Bahia, which will have an installed capacity of 322 megawatts (MW). The State Government, through the Secretary of Economic Development (SDE), has granted its institutional support for the implementation of the project, which is expected to generate up to 500 jobs at the peak of construction.

It is estimated that the works for the first phase of construction will begin in October, after the approval of the legal procedures by the competent bodies, such as the National Electric System Operator (ONS) and the Institute of the Environment and Water Resources (Inema). Learn More Here.

Omega Plans to Expand Wind Farm Portfolio in Bahia and Signs Million-Dollar Contract with French EDF Renewables

The Deal Involves the Purchase of 50% Stake in the Wind Farms Ventos da Bahia 1 and 2 with an Investment of R$ 662 Million

Read Also

Construction Works of the First Phase of the Wind Farm in Bahia Will Require Up to 500 Jobs in the Region

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Omega Plans to Expand Wind Farm Portfolio in Bahia and Signs Million-Dollar Contract with French EDF Renewables

The Deal Involves the Purchase of 50% Stake in the Wind Farms Ventos da Bahia 1 and 2 with an Investment of R$ 662 Million

Read Also

Construction Works of the First Phase of the Wind Farm in Bahia Will Require Up to 500 Jobs in the Region

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

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