Statkraft to double its Brazilian renewables presence

13 October 2020

Statkraft is ready to start construction of its Ventos de Santa Eugenia wind project in northeastern Brazil, after closing a turbine supply contract with German wind turbine manufacturer Nordex. The project, Statkraft’s largest in South America, will more than double its renewable energy capacity in Brazil.

The 519 MW project consists of 10 wind farms with a total of 91 turbines in the state of Bahia, located close to Statkraft’s existing Bahia wind power assets. Given the excellent wind conditions in the area, the project will generate almost 2.3 TWh of renewable energy annually.

The projects are being implemented in accordance with Brazil’s strict environmental and social permitting and monitoring systems. The projects have limited land acquisition, no resettlement, low environmental impacts and no impacts on red-listed species. In addition, Statkraft will carry out Corporate Social Responsibility (CSR) activities for nearby communities, focused on education and infrastructure improvements.

The total investment cost is estimated to BRL 2.5 billion (NOK 4.2 billion), and completion is scheduled by June 2023. Construction will start in January 2021, with the first wind turbines expected to start operations in September 2022. The project will utilise the Nordex 163/5.7MW wind turbine, the largest onshore wind turbines used by Statkraft to date, with a swept diameter of 163 metres. A substantial part of the electricity to be produced is already hedged through public auctions and commercial power sales agreements in the Brazilian open power market.

The history of the project is that in 2019, Statkraft Brazil acquired a 660 MW wind project from a local developer. Helped by the incorporation of new areas, the local Statkraft team has redesigned the initial project allowing it to expand by approximately 450 MW to 1.1 GW. The present announcement covers the first 519 MW of this development.



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