Omega Energia and EDF Renewables do Brasil partner for Ventos da Bahia 3 wind farm
São Paulo, December 23rd, 2022 – Omega Energia has just completed the acquisition of 50% of the shares of the 3rd phase of the Ventos da Bahia, located in the municipalities of Iraquara, Mulungu do Morro and Souto Soares (BA), currently held by EDF Renewables do Brasil, for R$422.9 million (enterprise value).
The agreement provides that R$ 196.6 million will be paid in cash and R$ 226.3 million represents the net debt assumed by the buyer. Completion of the deal was subject to customary conditions for this type of closing, including the approval of creditors and the Administrative Council for Economic Defense (CADE).
Phase 3 of Ventos da Bahia, with an installed capacity of 181.5 MW, is the expansion of phases 1 and 2 of the wind farm, in which Omega and EDF Renewables are already partners. With Ventos da Bahia 3, Omega and EDF Renewables do Brasil jointly operate now 764 MW, including Ventos da Bahia 1 and 2, in addition to the Pirapora solar complex (400 MWp), in Minas Gerais.
André Salgado, CEO of EDF Renewables do Brasil, commented: “We are happy to announce the expansion of our partnership. The sale reinforces the quality of our projects through the continued interest of investors. With this transaction EDF Renewables maintains its capital recycling strategy to accelerate its growth in Brazil, contributing to the construction of a CO2-neutral energy future”.
Thiago Linhares, COO of Omega Energia, highlights: “The acquisition of the complex reinforces Omega Energia’s commitment to wind generation in northeastern Brazil. The increase in scale in Bahia means greater synergy and diversification of our portfolio in Brazil, in the region with better winds. The acquisition consolidates Cluster Bahia, where we already own the Assuruá Complex and the first two phases of Ventos da Bahia, as one of the main regions where we operate in the country”.
About the Ventos da Bahia
The three phases of the park add up to a total investment of R$ 1.85 billion, the 3rd phase being financed by BNB, and the others by BNDES. Managed by EDF Renewables, they total 108 wind turbines for a total installed capacity of 365 MW – equivalent of annual electricity consumption of more than 900 thousand Brazilian households. The 1st phase of the park started commercial operation in 2017 and was the first wind farm of EDF Renewables in Brazil. The park has several contracts for the sale of energy in the free market (ACL) and in the regulated market (ACR).
About EDF Renewables do Brasil:
In Brazil since 2015, EDF Renewables do Brasil is among the country’s leaders in the renewable energy sector, totaling more than 1.8 GW in solar and wind energy projects in operation and under construction in Bahia, Minas Gerais and Paraíba.
EDF Renewables is a global energy player which develops, builds and operates renewable power generation plants.
As a major player in the energy transition worldwide, EDF Renewables deploys, within EDF Group, competitive, responsible and value-creating projects. In every country, our teams show their commitment to local stakeholders every day, adding their expertise and capacity for innovation to the fight against climate change.
Press contact for EDF Renewables do Brasil – Aliá RP
Érica Viana: erica.viana@aliarp.com.br
About Omega Energia:
Founded in 2008, Omega is a benchmark in renewable energy investments in the Americas. A pioneer in renewable sources and owner of the first 100% digital platform for the sale of energy in Brazil, the company continues to evolve in its sustainability agenda, with a strong commitment to transformation and promoting initiatives that generate value for all its stakeholders. With a contracted capacity of 2.7 GW, it currently has 2 GW in operation and the remainder under implementation in Brazil and the USA.
Press contact for Omega Energia – Máquina da Notícia
Aline Toledo: aline.toledo@maquinacohnwolfe.com
Paulo Fortes: paulo.fortes@maquinacohnwolfe.com
