CADE Approves Renewable Energy Joint Venture Valued at R$ 12.6 Billion Between Casa dos Ventos and TotalEnergies

Written by Ruth Rodrigues

Published on 25/01/2023 at 16:56

Updated on 25/01/2023 at 17:13

Foto: Divulgação

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A joint venture focused on the renewable energy market is currently valued at R$ 12.6 billion and promises to expand operations in the segment. Cade approved the union of Casa dos Ventos and TotalEnergies in this project.

For this Wednesday, (01/25), the project for the union of Casa dos Ventos and TotalEnergies in a joint venture valued at over R$ 12.6 billion is progressing successfully. The Administrative Council for Economic Defense (Cade) approved the creation of the new company, which will focus on the national renewable energy market over the next few years. The companies will come together for future projects aimed at hydrogen, ammonia, and offshore wind in Brazil.

Casa dos Ventos and TotalEnergies Obtain Cade Approval for Creation of Joint Venture Focused on the Brazilian Renewable Energy Market

The renewable energy sector in Brazil has been expanding increasingly over the past few years, with several companies turning to projects in the area.

TotalEnergies and Casa dos Ventos have united to form a joint venture valued at over R$ 12.6 billion, focused on engaging in renewable energy projects.

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Casa dos Ventos and TotalEnergies Organize as a Joint Venture to Focus on Renewable Energy Projects

Following Cade’s approval for the union of the companies, Casa dos Ventos and TotalEnergies are organizing for future projects.

The energy generation company, with Total’s participation, will be responsible for the construction and operation of renewable energy ventures.

The other company will focus on scouting opportunities and developing greenfield projects.

Even with the union to form the joint venture, shareholders will remain in both companies, as well as in the ongoing projects.

For the coming years, the company will focus on renewable energy production projects.

TotalEnergies is developing 9 GW of offshore wind generation capacity along the Brazilian coast, with three parks in Ceará, Rio de Janeiro, and Rio Grande do Sul.

It also holds a stake in a portfolio of 6 GW in offshore wind projects abroad.

Thus, Cade’s approval for the joint venture between TotalEnergies and Casa dos Ventos marks a new journey in the renewable energy market.

CADE Approves Renewable Energy Joint Venture Valued at R$ 12.6 Billion Between Casa dos Ventos and TotalEnergies

A joint venture focused on the renewable energy market is currently valued at R$ 12.6 billion and promises to expand operations in the segment. Cade approved the union of Casa dos Ventos and TotalEnergies in this project.

Casa dos Ventos and TotalEnergies Obtain Cade Approval for Creation of Joint Venture Focused on the Brazilian Renewable Energy Market

Casa dos Ventos and TotalEnergies Organize as a Joint Venture to Focus on Renewable Energy Projects

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CADE Approves Renewable Energy Joint Venture Valued at R$ 12.6 Billion Between Casa dos Ventos and TotalEnergies

A joint venture focused on the renewable energy market is currently valued at R$ 12.6 billion and promises to expand operations in the segment. Cade approved the union of Casa dos Ventos and TotalEnergies in this project.

Casa dos Ventos and TotalEnergies Obtain Cade Approval for Creation of Joint Venture Focused on the Brazilian Renewable Energy Market

Casa dos Ventos and TotalEnergies Organize as a Joint Venture to Focus on Renewable Energy Projects

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

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