Bayer signs wind, solar PPA with Brazil's Omega Energia

Brazilian wind park. Author: Carla Wosniak. License: Creative Commons, Attribution 2.0 Generic

May 27 (Renewables Now) - German pharmaceutical and life sciences company Bayer AG (ETR:BAYN) has signed a ten-year wind and solar power purchase agreement (PPA) in Brazil with local energy company Omega Energia.

Bayer is purchasing renewable power to supply the needs of its units in Uberlandia, Paracatu, Itai, Campo Verde, Cachoeira Dourada, Petrolina, Paulinia and Belford Roxo. The PPA kicks into force in 2024 to help Bayer to offset some 100,000 tonnes of carbon dioxide (CO2) emissions over the whole term.

At present, Omega Energia has a total renewable energy capacity of 1,869 MW in seven Brazilian states. As part of the agreement, it will be building some additional capacity.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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