Omega Geracao completes purchase of 50% stakes in 321 MW Pirapora solar complex
Omega Geracao SA has completed the purchase of a 50% stakes in the 321 MW Pirapora solar complex located in the municipality of Pirapora, State of Minas Gerais, Brazil.
Omega has acquired 30% interest from EDF Renewables do Brasil and 20% from Canadian Solar UK Projects Ltd for a total consideration of BRL1.1 billion (US$280.17 million). Omega paid BRL456 million (US$122.4 million) in cash and the remaining BRL644 million (US$178.89 million) represents the assumption of debt.
With this transaction, EDF and Omega now each hold 50% interest in the solar complex.
Country updates
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January 16, 2019
China's State Grid completes tender offer to fund CPFL Energias Renovaveis stakes acquisition
State Grid Corporation of China has completed its launched public tender offer to fund the acquisition of stakes it does not own in Brazil's CPFL Energias Renovaveis. The company intend...
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January 16, 2019
Casa dos Ventos signs partnership with characteristics unprecedented in the free renewable energy market with Vale
Casa dos Ventos has announced that it has signed a long-term Power Purchase Agreement (PPA) with Vale SA for the Folha Larga wind farm Located in Campo Formoso, Bahia. With an installed capacity of 15...
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January 15, 2019
EDP Energias do Brasil completes sale of 131.9 MW HPPs to Statkraft
EDP Energias do Brasil, a unit of EDP Group, has completed the sale of 131.9 MW small hydropower plants (HPPs) to Statkraft AS, a Norwegian state-owned power utility. EDP has offloaded...
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January 14, 2019
BNDES signs US$450 million financing for LNG-fired power plant
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January 10, 2019
EDF Renewables awarded 276 MW of wind energy projects in Brazil
The local subsidiary of EDF Renewables in Brazil, EDF Energies Nouvelles, has been awarded with two wind projects located in Bahia State for a total capacity of 276 MW. Each...
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