BP and Casa dos Ventos Sign 15-Year Contract for Renewables

Written by Valdemar Medeiros

Published on 15/03/2021 at 11:09

Updated on 15/03/2021 at 11:25

Torres de energia eólica -Fonte: Reprodução Google

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New Contract in the Renewable Energy Market: BP and Casa dos Ventos Sign 5-Year Partnership

The British oil and gas giant BP signed an off-take agreement with the Brazilian developer Casa dos Ventos to purchase electricity generated by the Rio do Vento wind complex, which will be another investment in the renewable energy market.

15-Year Contract Between BP and Casa dos Ventos Will Contribute to the Renewable Market

Under the power purchase agreement (PPA), BP’s energy trading business, Energy Trader, will receive a supply of electricity for 15 years. The PPA will take effect in 2023.

Casa dos Ventos is currently working on the construction of the wind farm in an area in the state of Rio Grande do Norte. Once operational, the complex is expected to have over 1 GW of total installed capacity.

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The Rio do Vento project has the support of several PPAs beyond BP. So far, battery manufacturer Grupo Moura, mining multinational Anglo American, and local digital solutions company TIVIT have acquired a portion of the production from Rio do Vento.

Vestas Contract

Casa dos Ventos also announced a new contract for wind turbines with Danish manufacturer Vestas, for 80 machines that will total 360 megawatts in capacity.

The turbines will be for the Babilônia project in Bahia, with delivery scheduled to start in the second half of 2022. Commissioning is estimated for the second quarter of 2023. Casa dos Ventos states that a large part of the production from the plant will be traded with companies in the free energy market.

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