Omega plans to build 1 GW of renewables in 2021

The Omega group is betting on the growth of renewable energy sources and plans to build about 1 gigawatt in
plants this year, in an aggressive course of portfolio expansion since its IPO in 2017. The 10-year PPA (power purchase agreement) will cover 100% of Bayer’s consumption in Brazil, supplying power to eight units as of 2024. It is estimated that the agreement will help avoid the emission of 100,000 tonnes of CO2. The volumes of energy and values involved in the contract were not disclosed.

Source: Valor International