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Wind Power: Statkraft Bets On The Free Energy Market To Continue Growing In Brazil

Written by Paulo Nogueira
Published on 08/12/2021 at 21:58
Energia eólica Statkraft
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Norwegian Statkraft Is Optimistic About the Free Energy Market for 2022 and Is Expanding Its Investments in Wind Energy.

Statkraft, a leading Norwegian wind power generation company and other renewable sources in Europe, remains optimistic about the recovery of the Brazilian economy and sees Brazil as a fundamental part of its growth strategy in the Americas.

” Statkraft has made a decisive contribution to the country by investing in new generation projects and providing liquidity safely to its Free Market clients”, highlights Paulo Becker, president of trading at Statkraft Brazil.

Alongside wind power generation, hydropower, and others around the world, Statkraft is working intensively to increase the free market for selling energy to commercial, industrial, or other power generation companies, which can use the company as an emergency generator for potential power shortages within the grids, which remain a threat for 2022.

Statkraft Heavily Invests in Wind and Solar Energy in Brazil

Following global trends and in accordance with what was agreed upon at COP 10, Statkraft is expanding its renewable energy generation in Brazil.

The company’s wind energy generation will be at the forefront of its business expansion plans in Brazil, according to the plan published on the company’s own website.

The strategy used for this growth, which aims to triple renewable energy generation by 2025 in Brazil, involves a mix of mergers and acquisitions with the development of its own plants to strengthen the company.

Wind Energy Statkraft
Wind energy is bringing positive results for the Norwegian company in Brazil, despite the company gaining expertise and the global aspect being hydropower

Meanwhile, the trading department has been increasing its efforts to generate increasingly interesting business opportunities in the country. In its latest report to investors, the company calculated a total net profit of R$187,875,000, of which R$126 million was generated in the third quarter of 2021 alone.

Annual Meeting of the Free Energy Market and New Trends for 2022

This event, which took place at the end of November in Bahia, brought together traders, generators, and sector associations, which serve as communication lines between companies and market regulatory bodies, and included the participation of Statkraft.

This event opened new possibilities for interaction with partner companies, a clearer view of how regulations may affect the market in 2022, and what the new developments are for the free energy sales market.

How Does the Free Energy Market Work? How to Become a Part of It?

YouTube video

The free energy market is a way for companies and industries not to rely solely on the power distributor that has the concession in the area where the company operates. Typically, contracts are offered from 500 KW, which usually makes this market relatively competitive in some respects.

The free energy market has various rules and procedures, which are regulated by CCEE (Electricity Trading Chamber).

Within this market, there are two types of energy being traded:

Incentivized Energy: These are renewable energies, such as wind energy, that bring a series of discounts to electricity bills, as the network usage rates have discounts of up to 80%, depending on the situation. 

Traditional Energy: energy from other sources that do not offer the same discount.

Wind energy Statkraft
Understanding the free energy market in an illustrated way. Image source Togawa Engineering

Moreover, in addition to these discounts, energy from the free market is more attractive for companies because it has, as the name suggests, free competition, so companies participating in this market are always looking to sell at the best prices and attract new clients.

Generally, all a company needs to do to transition to the free market is to meet the mentioned spending range and then contact the companies that will start supplying the electricity.

Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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