(Valor Economico) January 18, 2011 – Omega Energia, a Brazilian renewable energy company controlled by investment firms Tarpon and Warburg Pincus, acquired small hydroelectric projects totaling 270 MW from Ecopart group and also a portfolio of wind projects, totaling of 3,000 MW.
In the case of the wind projects, Omega chose to form a holding company which owns a third of the capital, but has the option to purchase 100% of the projects that are implemented. The projects of Ecopart are valued at around R$100 million (approximately US$60M), according to the president of Omega, Antônio Augusto Bastos. But he did not disclose the value of the transaction.
For the complete article in Portuguese from Valor Economico, click here.
To view a previous article on the investments in Omega Energia made by Warburg Pincus and Tarpon Investimentos, click here.