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The Leader in Hydropower Production Statkraft Celebrated the Investment Contract with Renewable Energy Giant EDP, Strengthening Its Presence in Brazil’s Wind Energy Market
Statkraft Renewables, an internationally recognized leader in hydropower production and the largest renewable energy generator in Europe, has finalized a purchase and sale agreement with EDP Renewables to acquire two wind farms, Jerusalem and Boqueirão, located in the state of Rio Grande do Norte. The transaction involved investments of 1.57 billion reais and strengthens Statkraft’s position in the wind energy sector in Brazil and worldwide, according to the website Petronotícias.
Strengthening Its Presence in the Wind Energy Sector
With the acquisition of the Jerusalem and Boqueirão wind farms, Statkraft further strengthens its presence in the Brazilian energy landscape. Together, these two projects feature 62 turbines and have a total installed capacity of 260MW. The company, which already controls 19 renewable generation assets in Brazil, will now exceed 1.3 GW of installed capacity with projects in operation and under construction, consolidating its position as an international leader in renewable energy supply.
Fernando De Lapuerta, CEO and President of Statkraft in Brazil, highlights the importance of the country for the group’s growth plans: “Brazil is an important country for the growth of the Statkraft Group, combining mergers, acquisitions, and greenfield development of renewable technologies. This transaction is another significant step to continue with our investment plan.”
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Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.
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Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.
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The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.
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Africa has about 500,000 cell towers and most still burn diesel to operate, while companies rush to cover antennas with solar energy and avoid signal blackouts.
Currently, the company has approximately 450 megawatts (MW) of installed capacity from renewable sources in Brazil, in addition to another 600 megawatts (MW) of wind energy under construction in the state of Bahia.
The Transaction and Next Steps with the Wind Energy Investment
The completion of the investment transaction is subject to regulatory approvals and standard closing conditions. The expectation is that the investment will be finalized in the coming months.
Statkraft is known for its extensive operations in the energy market, producing hydropower, wind, solar, and gas energy, as well as providing district heating. With around 5,300 employees in 21 countries, the company aims to contribute through investment to the global transition to cleaner and more sustainable energy sources.
With this investment, Statkraft reinforces its commitment to the expansion of renewable energy in Brazil, contributing to the diversification of the energy matrix and the mitigation of environmental impacts caused by conventional energy generation. The wind energy sector, in particular, has stood out as a promising option for expanding the supply of clean energy in the country.
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