Omega Energia seals deal for 1GW renewable energy scheme in Brazil

Brazilian renewables developer Omega Energia has sealed a deal for the 1GW Assurua renewable energy scheme in Brazil.

The renewable company has already signed a binding agreement to acquire the rights.

According to the company, it has "increased its interests in 211.5MW Assurua 4 and 243.6MW Assurua 5 to 100%."

These projects are expected to begin operation from next year,

Meanwhile, a Brazilian developer informed that it has also bought all of the assets and rights related to the project’s wind and solar expansions. The wind and solar could stand at 617.6MW of additional installed capacity.

Meanwhile, a report mentioned that "Omega will buy the Assurua 4 and 5 convertible debentures via a R$57.2m cash payment, and then undertake a merger of the company holding the remaining debentures."

Considering the latest agreement, the developer plans to realign its 2022 investment plan.

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