Omega buys half of 181.5 MW Ventos da Bahia 3 wind project in Mulungu do Morro
Date
August 09, 2021
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Brazil
Subsectors
Onshore Wind
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Omega (OMGE3) has signed a binding contract with French company EDF Renewables for the purchase of 50% of Ventos da Bahia 3 wind farm complex for up to BRL422 (US$81) million.
A total of BRL196.6 (US$38) million will be paid in cash and BRL226.3 (US$43.7) million assumed in net debt.
Altogether, the park has a projected installed capacity of 181.5 MW (megawatts) and is expected to start operating in January 2022. The facility is an expansion of the Ventos da Bahia 1 and 2 wind farms, located in Mulungu do Morro, Brazil.
