Warburg Pincus Invests In Brazilian Renewable Energy Company
New York-based private equity firm Warburg Pincus and Tarpon Investimentos, a São Paulo fund overseeing $3 billion in committed investment capital, have announced a joint BRL$350 million ($205.7 million) investment in Omega Energia, a Brazilian renewable energy company.
Omega Energia will use investment proceeds to expand its renewable energy capacity beyond hydro to also include wind and solar power generation. Company CEO Antonio Augusto Bastos Filho is also analyzing opportunities in biothermal energy.
Since its 2008 launch Omega Energia has developed small hydro power facilities in Brazil’s Minas Gerais state as well as in the South, Center-West and North regions of Brazil. The company has a 1,200-megawatt project pipeline and about 52.5 megawatts of hydro projects that are either completed or under construction.
Warburg Pincus and Tarpon are Omega Energia’s controlling shareholders.