Engie signs an agreement with Siemens and will invest BRL 2,2 billion in a wind farm in the state of Rio Grande do Norte

Last Friday, Engie signed a contract with Siemens for the purchase of turbines for the wind farm in Rio Grande do Norte

Engie Brasil Energia, from the French group Engie, reported in a note last Friday that it signed a contract to purchase turbines to make a wind farm in Rio Grande do Norte viable, which will require an investment of around 2,2 billion real. The supply of wind turbines will be used for the first phase of the Santo Agostinho Wind Complex, located in the municipalities of Lajes and Pedro Avelino, 120 km from Natal.

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The wind farm:

The new wind complex expands the company's business in the renewable energy sector and increases its offer in the free energy market. The Santo Agostinho wind farm is expected to invest around 2,2 billion reais and generate around 1.000 jobs in the area, with commercial operation expected for March 2023.

The first phase of the Santo Agostinho wind farm will have an installed capacity of 434 MW, and all the energy generated will be directed to the free energy market, which grows every year in Brazil.

TOOLS – FREE MARKET

The free energy market in 2019 had its turnover 6% higher compared to 2018, with a turnover of 134 billion reais. According to data from the Brazilian Association of Electrical Energy Industries (Abraceel), this sector already accounts for 30% of all electricity consumption in the country.

Other Engie projects:

ENGIE has three other major works, which will generate more than 10 jobs. There are two transmission lines (Gralha Azul in Paraná and Novo Estado in Pará and Tocantins) and a wind farm (Campo Largo 2 in Bahia), which will start commercial operations this month.