Norwegian state-owned company Statkraft is set to begin construction on the 519MW Ventos de Santa Eugenia wind project in northeastern Brazil.
Comprising of 10 wind farms, the wind project will feature a total of 91 turbines in the state of Bahia.
The Ventos de Santa Eugenia wind project will constructed with an investment of BRL2.5bn ($450m).
According to Statkraft country manager Brazil, Fernando de Lapuerta, a significant part of the power produced by the wind facility is already hedged through public auctions and commercial power sales agreements in the Brazilian open power market.
The wind project, which is Statkraft’s largest in South America, will more than double its renewable energy capacity in Brazil.
In 2019, Statkraft Brazil purchased a 660MW wind project from a local developer.
The company has finalised a turbine supply contract with German wind turbine manufacturer Nordex for the Ventos de Santa Eugenia project.
Nordex will supply its 163/5.7MW wind turbines for the Ventos de Santa Eugenia project, which will be located close to Statkraft’s existing Bahia wind power assets.
Upon completion, it is expected to generate almost 2.3TWh of electricity per year, which is enough to supply 1.17 million Brazilian homes.
Construction on the project is planned to begin in January 2021, with expected completion in 2023.
“The construction of Ventos de Santa Eugenia represents a significant step on the way to reaching the goal of developing 6 GW of wind power globally by 2025 and fulfil our ambition to become a leading renewable energy company in the world,” says EVP International Power in Statkraft, Jürgen Tzschoppe.
In June, Canadian Solar signed two corporate power purchase agreements (PPA) for 274MW of solar power projects in Brazil.