Equinor, the Norwegian energy company, and Petrobras, the Brazilian multinational energy corporation, have signed a letter of intent (LoI) to examine seven offshore wind projects in Brazil. The offshore projects, which will be located off the coast of Brazil, will have the capacity to generate up to 14.5 GW of renewable energy in total.
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Amazon has recently announced that in 2022 it grew its renewable energy capacity by 8.3 GW through 133 new projects in 11 countries. This brings Amazon’s total portfolio to more than 20 GW—that could generate the amount of energy to power 5.3 million U.S. homes—across 401 renewable energy projects in 22 countries. With these continued investments, reportedly, Amazon set a new corporate record for the most renewable energy announced by a single company in one year.
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Iberdrola has announced that it will construct its first floating PV facility in Brazil. Iberdrola’s subsidiary, Neoenergia, will construct the solar project at the Xaréu dam on the island of Fernando de Noronha. The project will expense $2.1 million and will include almost 940 solar panels.
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According to the power sector regulator Aneel, Brazil has approved 6,504.7 MW of wind, solar, and biomass power facilities to start operating in 2022. In total, the country added 8,235.1 MW of capacity in 2022, far exceeding the goal of 7,625 MW established for the relevant time. Wind farms supplied 2,922.5 MW, while solar and biomass-fired plants supplied 2,677.3 MW and 904.9 MW, respectively. The remaining 1,355.7 MW and 374.6 MW were generated by thermal power facilities using fossil fuels.
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Enerside Energy SA, a Spanish integrated solar PV platform, announced that two solar PV projects with a combined capacity of 249 MW will be built in Brazil in 2023. According to a bourse filing, the company has received a grid connection authorisation for the 207 MW Pudong I solar project in the state of Ceara.
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Equinor, a Norwegian energy company, has made a final investment decision on the 531 MW Mendubim solar project in Brazil. Mendubim, a joint venture project between Scatec, Hydro Rein, and Equinor, is situated in Rio Grande do Norte. The project will generate about 1.2 TWh of energy annually, which is enough to power 620,000 Brazilian houses.
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JinkoSolar Holding, a China-based manufacturer of solar panels, has secured a cell module contract through Jinko Solar for supply to the Santa Luzia Complex. The contract is with Rio Alto for the supply of about 522 MW of cell modules. According to the agreement, Jinko Solar will provide Tiger Neo 78 Cell modules for the early phase of the solar project.
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TotalEnergies, a French energy company, and Casa dos Ventos, a Brazilian renewable energy producer, have formed a joint venture (JV) to develop, build, and operate a 12 GW renewable portfolio in Brazil. The JV will have a 66 per cent stake held by CDV and a 34 per cent stake held by TotalEnergies.
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Enel Green Power Brasil, a subsidiary of the Italian energy corporation Enel, has commenced construction on the 399 MW Lagoa dos Ventos V wind farm in Brazil. Lagoa dos Ventos V, the second addition to the Lagoa dos Ventos wind complex, has 70 wind turbines.
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Lightsource bp, a solar project developer, has completed financing for its 210 MW Milagres Solar project in Brazil for $148.7 million. The Northeast Development Fund (Fundo de Desenvolvimento do Nordeste, or FDNE), which is run by the Brazilian government agency Superintendência de Desenvolvimento do Nordeste (Sudene), received debt funding of $78.6 million from Banco do Brasil.
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Wind power is expected to be a main driver of non-hydro renewables growth in the Latin American region over the next decade. The segment is forecast to add 34.7GW of capacity by 2031, growing at an average annual rate of 7.1% over the 10-year forecast period. However, the added capacity is expected to be nearly entirely from onshore projects as we expect only 850MW of offshore capacity to come online during the forecast period.
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Amazon has added 71 new renewable energy projects to its portfolio, including its first renewable energy project in South America—a 122 MW solar farm in Brazil—and its first solar farms in India and Poland. In India, Amazon is planning to install three large-scale projects. All three are solar projects in Rajasthan, representing 420 MW of clean energy capacity. Amazon is also expanding its clean energy capacity in North America by 1 GW.
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The Ten-Year Energy Expansion Plan (PDE) is an annual informative document elaborated by the EPE under the guidelines and support of the staff of the Secretariat of Energy Planning and Development (SPE) and the Secretariat of Petroleum, Natural Gas and Biofuel (SPG), both at Ministry of Mines and Energy (MME), Brazil.
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Brazilian energy company EDP Brazil has agreed to sell Victory Hill Global Sustainable Energy Opportunities (GSEO) its Mascarenhas hydropower plant. The 198 MW hydropower project will be sold by the firm for $235 million. The run-of-river asset Mascarenhas, which is situated in the Brazilian state of Esprito Santo, has been in use since 1974.
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The 531 MW Mendubim solar project in Rio Grande do Norte, Brazil, is currently being developed by the Norwegian renewable energy company Scatec and its partners. Equinor and Hydro Rein are partners in the project’s development. The three firms will jointly provide engineering, procurement, and construction services while also each holding a 33.3 per cent economic interest in the solar power project.
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Voltalia, a French renewable energy company, intends to construct a solar PV cluster with a capacity of more than 1.5 GW in Minas Gerais, Brazil. Voltalia, located in the Arinos region, is developing a solar cluster for its own use as well as for third parties. The company has already formed alliances with a number of companies, including CTG Brasil, which will purchase a significant portion of the solar sites once the development phase is completed.
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Ordinances No. 32/GM/MME and No. 33/GM/MME, both in effect as of December 17, 2021, issued by the Brazilian Ministry of Mines and Energy, determined the schedule for generation and transmission auctions in 2022, 2023 and 2024. Among energy auctions, reserve of energy and reserve of power auctions, and supply of isolated systems auctions, eight auctions of power generation are planned in 2022, seven in 2023 and other seven in 2024.
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Corio Generation, an offshore wind developer, has announced plans to develop five offshore wind farms in Brazil with a total capacity of more than 5 GW. The five fixed-bottom offshore wind projects were constructed in partnership with Servtec Energia, a Brazilian power generation company. Corio plans to build the Guarita and Cassino offshore wind farms, both of which will have more than 1.2 GW of capacity, off the coast of Brazil.
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Canadian Solar has agreed to sell its 70 per cent stake in Brazil’s Marangatu and Panati-Sitiá solar farms to SPIC Brasil for an undisclosed sum. The two solar projects will have a combined generating capacity of 738 MW and will cover a land area of 2,200 hectares. The projects are in advanced stages of development and are located in the states of Piaui and Ceara in Brazil’s north-eastern region.
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Green Investment Group (GIG), a Macquarie-owned company, and Hydro Rein have agreed to form a joint venture to build and operate a 586 MW wind and solar power plant in Brazil’s northeast. The wind and solar hybrid project, named Feijo, will be developed in the Brazilian states of Piaui and Pernambuco. Feijo will be equipped with 80 wind turbines by Nordex, a wind turbine manufacturer.
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