Eletrobras approves Omega’s bid of $ 300 mm per wind farm slice in RS

Eletrobras’ Board of Directors approved the binding offers made by Omega Generation of approximately R$1.5 billion ($ 300 mm) for acquisition in wind farms in Rio Grande do Sul. According to a statement by Omega, the proposal for 78% of the state-owned company’s share of the Santa Vitória do Palmar Complex, with 402 MW, was about R$ 1 billion ($200 mm), and cash payment of R$ 434.5 million ($ 86mm).

Source: Reuters

Categories: Business