Casa dos Ventos Plans to Become Brazil's Largest Renewable Energy Company by Investing R$ 30 Billion and Expanding Wind and Solar Energy Projects

Casa dos Ventos Plans to Become Brazil’s Largest Renewable Energy Company by Investing R$ 30 Billion and Expanding Wind and Solar Energy Projects

Written by Valdemar Medeiros

Published on 09/03/2022 at 11:44

Updated on 13/03/2022 at 22:51

Parque eólico Foto: Zbynek Burival/Unsplash

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Casa dos Ventos Plans to Surpass Its Rivals in the Renewable Energy Market, and by 2026 It Plans to Invest R$ 30 Billion in Solar and Wind Energy, Reaching 6 GW in Brazil

Casa dos Ventos, a developer of renewable energy projects, has ambitious expansion plans, which are expected to receive R$ 30 billion in investments by 2026, according to an executive from the company. Casa dos Ventos’ investments will be focused on solar and wind energy projects in Brazil.

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Casa dos Ventos Aims to Be the Leading Renewable Energy Company in the Country

Founded by Mário Araripe, Casa dos Ventos has been expanding since 2007, primarily by selling on-paper wind energy projects to other companies, including renowned groups. However, the company’s mission is now to develop a robust self-generating park in the coming years.

According to Lucas Araripe, Director of New Business, revealing their goal of reaching 6 GW of solar and wind energy by 2026, Casa dos Ventos is preparing to become the leading renewable energy company in the country, moving at an accelerated pace.

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Casa dos Ventos Outpaces Its Competitors and Solidifies Its Position in the Renewable Market

The renewable energy company has simultaneously registered several GW in new wind and solar energy projects with Aneel, aiming to take advantage of a subsidy that will only be available for projects that requested grants by this month. According to Araripe, the resources to make investments in renewable energy will be obtained by the company from development banks such as BNB and BNDES.

The magnitude of Casa dos Ventos’ ambition is clear when compared to rivals, such as the French Engie, which operates plants with about 10 GW, but only 1.3 GW in wind and solar energy.

The largest purchase of renewable energy closed in the country was from Echoenergia’s acquisition by Equatorial, finalized in recent days, involving around R$ 10 billion and 1.2 GW in operational wind power plants. Omega Energia currently has 1.9 GW and plans to grow by 40% by the end of next year in solar and wind energy.

Company Promises to Continue Selling Projects

Although it has plans for expansion in wind and solar energy generation, Casa dos Ventos will continue to market its projects, which may also help fund its expansion. This also involves the sale of rights to plants that are not yet operational, for installation by third parties.

With about 400 employees, the company has around 250 people dedicated solely to the development sector, seeking regions throughout Brazil with the necessary characteristics to accommodate new solar and wind energy projects.

Casa dos Ventos Plans to Become Brazil’s Largest Renewable Energy Company by Investing R$ 30 Billion and Expanding Wind and Solar Energy Projects

Casa dos Ventos Plans to Surpass Its Rivals in the Renewable Energy Market, and by 2026 It Plans to Invest R$ 30 Billion in Solar and Wind Energy, Reaching 6 GW in Brazil

Read Other Related News

Casa dos Ventos Aims to Be the Leading Renewable Energy Company in the Country

Casa dos Ventos Outpaces Its Competitors and Solidifies Its Position in the Renewable Market

Company Promises to Continue Selling Projects

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Casa dos Ventos Plans to Become Brazil’s Largest Renewable Energy Company by Investing R$ 30 Billion and Expanding Wind and Solar Energy Projects

Casa dos Ventos Plans to Surpass Its Rivals in the Renewable Energy Market, and by 2026 It Plans to Invest R$ 30 Billion in Solar and Wind Energy, Reaching 6 GW in Brazil

Read Other Related News

Casa dos Ventos Aims to Be the Leading Renewable Energy Company in the Country

Casa dos Ventos Outpaces Its Competitors and Solidifies Its Position in the Renewable Market

Company Promises to Continue Selling Projects

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

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The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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