Omega earmarks funds to buy wind farms from Eletrobras

Omega earmarks funds to buy wind farms from Eletrobras

M&A Project & Infrastructure Finance Brazil Latin America Renewable Wind

Brazilian renewable energy company Omega Geração said Thursday that it will set aside funds from an upcoming share sale to buy wind power projects from the state-owned power company Eletrobras for BRL1.52 billion ($292 million), including debt. Omega said its board approved a BRL500 million share sale to add to its BRL886 million in cash reserves and raise money for the Eletrobras deal and other possible acquisitions in the coming months. The Belo Horizonte-based wind and hydroelectric power com

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