Brazilian renewable energy company Omega Geracao has signed a deal to acquire a 50% interest in the 321MW Pirapora solar complex in the Brazilian state of Minas Gerais.
The deal, with estimated value of BRL1.1bn (€249.2m), involves a 30% purchase from EDF Renewables and 20% from Canadian Solar UK Projects Ltd.
The complex, which represents Omega’s first solar investment, is the largest PV site in operation in Brazil.
“We are proud to partner with a world-class player like EDF Renewables and believe this to be the first step in a long-lasting partnership.
“Our relationship with Canadian Solar, one of the world leaders in solar energy and supplier of photovoltaic modules installed in Pirapora, opens doors for future opportunities in solar energy generation in the country.”
The agreement is subject to customary closing conditions, Omega said.
Image: Canadian Solar