CADE approves Omega Geracao's acquisition of 303 MW Assuruá wind complex
The Administrative Council for Economic Defense (CADE) of Brazil has approved without restriction the purchase of Omega Geracao SA of the 303 MW Assurua wind park located in Gentio do Ouro, Bahia.
The project, consists of 131 wind turbines, is made up of 13 different wind farms. It has been in operation since February 2018 and has a 20-year power purchase agreement (PPA).
The deal was secured with Fundo de Investimentos em Participacoes (FIP IEER), the investment fund of Companhia de Energias Renovaveis (CER) for a total consideration of about BRL1.9 billion (US$ 504.18 million), including cash payment and a little over BRL 1 billion in assumed net debt.
Country updates
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February 25, 2019
Rio Grande do Sul approves construction of 50 MW biomass project
The environmental protection agency in Rio Grande do Sul, Fepam, released the implementation license for a 50 MW Usina Termeletrica Cambara biomass project. The project will be located in Cambara do S...
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February 22, 2019
CEEE seeks investors for 52.5 MW Povo Novo wind complex
Brazil State utility, CEEE Geracao e Transmissao, has launched a public call to sell an equity interest in the 52.5 MW Povo Novo wind complex in the state of Rio Grande do Sul. T...
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February 21, 2019
Aneel green lights operation of 118.5 MW renewable energy projects
The national power sector regulator of Brazil, Agência Nacional de Energia Elétrica (ANEEL), has allowed the start test and commercial operations of seven renewable energy...
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February 21, 2019
Lyon Capital and Hichens Harrison in negotiation for the acquisition of 30 MW solar PV project in Brazil
Lyon Capital has held advanced negotiations with Hichens Harrison for the acquisition of a Brazillian solar farm with a capacity of 30 MW. The facility located in Rio Grande do Norte requires an inves...
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February 19, 2019
Terna commissions wind power transmission line in southern Brazil
The new high-voltage power line extending 158 km in Rio Grande do Sul will enable full integration of large quantities of energy produced from renewable sources, in particular from wind sources, into...
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