EnergyWatch

Brazilian developer to double major Vestas project

After securing financing for a large-scale project in Brazil, the developer will now begin contract negotiations to expand the facility's capacity to 1 GW.

Photo: Casa dos Ventos

Installation of Brazilian wind project Rio do Vento began in January, and financing is now also arranged for the wind complex, which carries a price tag of BRL 2.4 billion (EUR 400 million) and consists of eight wind farms equipped with 120 Vestas model V150-4.2 MW units. This is taking place after parties entered a series of power purchase agreements, including a ten-year PPA with IT group Tivit and a 13-year deal with shoe manufacturer Vulcabras Azaleia.

When these turbines enter operation as planned in the second half 2021, the whole affair will not be concluded. Rather, the project is only in its first phase, and now that financing is secured, project developer Casa dos Ventos is now negotiating contracts for the next project stage, which will double capacity to 1 GW, the developer tells Reuters.

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