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Valgroup Signed a 15-Year Agreement with Casa dos Ventos to Use Clean Energy in Its Operations. A Total of 25 MW of Renewable Energy
One of the largest plastic transformers and recyclers in the world, Valgroup, has signed a clean energy purchase and sale contract with Casa dos Ventos, announced this Monday (29). The renewable energy agreement, which will last for 15 years, will guarantee an average volume of 25 MW for the industry, which is equivalent to approximately half of the energy consumed by Valgroup in the country, according to a statement that did not provide financial details.
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Valgroup Invests in Clean Energy Aiming to Zero Carbon Emissions
The renewable energy agreement with Casa dos Ventos will provide electricity starting in the third quarter of 2023, replacing part of the energy used by Valgroup, which comes from unsustainable sources.
Valgroup’s mission is to gradually expand this percentage, according to the statement. The clean energy generated will come from the Babilônia Sul Wind Complex, which is still under development by Casa dos Ventos in Bahia and will have an installed capacity of 360 MW.
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In total, there will be around R$ 2 billion in investments by Casa dos Ventos in the wind complex. The agreement also allows Valgroup to become an energy self-producer by purchasing a stake in the complex. This way, it will have guaranteed supply and even more competitive costs in the market.
Casa dos Ventos Invests in Renewable Projects to Solidify Its Presence in the Country
Recently, Acciona Energia signed an agreement with Casa dos Ventos for the purchase of two clean energy projects under development in Bahia, which together can achieve a capacity of 850 MW.
The agreement marks the entry of the Spanish company into the national renewable energy market. The parks are in the process of obtaining the necessary permits for their implementation, which is scheduled to start next year.
The company is also analyzing other wind and solar energy projects to solidify its presence in the country, with the mission to be an active agent in the energy transition, contributing to the decarbonization of the economy and business activity. According to both companies, the aim is to encourage local labor in the future, generating jobs and income for the population of Bahia.
Get to Know Casa dos Ventos
As one of the main investors in the clean energy sector in Brazil, Casa dos Ventos has been identifying the main resources available for energy generation for 14 years.
The company has a diversified portfolio, including solar and wind source assets, as well as being the owner of a hydroelectric plant. Casa dos Ventos aims to provide renewable energy generation through projects that promote and enhance sustainable development while being responsible to the environment.
The company’s vision is to become a reference point in competence in identifying, constructing, developing, and operating projects that generate energy through clean sources.
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