Equinor Begins Energy Trading Activities with Danske Commodities in Brazil

Written by Bruno Teles

Published on 18/04/2023 at 11:38

equinor – parque solar de Mendubim (foto/divulgação)

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Norwegian Equinor Is Expanding Its Activities in Brazil with the Start of Energy Trading Operations at Its Subsidiary Danske Commodities.

The Norwegian company produces oil in Brazil and is an operator and partner in exploration and production projects. In 2018, Equinor expanded its portfolio into renewable energy with the start-up of the Apodi solar power generation park, in partnership with Scatec and Apodi Participações. Last year, the consortium formed by Equinor, Scatec, and Hydro Rein began construction of the Mendubim solar park, which is scheduled to start operations in the fourth quarter of this year.

Equinor has been conducting its business in Brazil for over two decades and views the country as a key area for safe and sustainable long-term growth. With the addition of Danske Commodities in Brazil, the company is diversifying its energy offering with a robust portfolio of oil and gas and a strategic positioning in renewable sources. The presence of Danske Commodities in Brazil is important for Equinor’s strategy and ambition to become a leading company in the energy transition.

Equinor: Company Overview

Equinor is an energy company that develops, produces, and markets oil, gas, wind, and solar energy, with operations in over 30 countries worldwide. The company is the largest oil producer in Norway and one of the largest in Europe.

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Equinor in Brazil

Equinor has been present in Brazil for over two decades and aims to become one of the leading energy companies in the country. The company produces oil in Brazil, is an operator and partner in exploration and production projects, and is expanding its renewable energy portfolio.

The Apodi solar park has a 20-year contract for the sale of electricity with CCEE, while the Mendubim solar park will supply the Alunorte alumina refinery, owned by Norsk Hydro, in Pará, under a contract for the same period. Portions of the generation may also be sold to other clients.

Danske Commodities in Brazil

Equinor’s subsidiary, Danske Commodities, has started its electricity trading operations in Brazil. The company is one of the largest independent electricity and natural gas trading firms in Europe, offering trading services to clients worldwide. Danske Commodities invested R$ 288 million in the capital of its operations in Brazil and began its operations by trading solar energy generated by the Apodi and Mendubim parks.

The presence of Danske Commodities in Brazil is good news for the country’s energy sector, as it will bring more competition and options for commercial and residential clients in the free energy market. The company has 20 years of experience in energy trading in the European market, and its arrival in Brazil could help modernize and expand the electricity market in the country.

The entry of Danske Commodities into the Brazilian electricity market represents an important step for the expansion of Equinor’s activities in the country and for the development of the national electricity sector. The Norwegian company is already one of the main oil producers in Brazil and has an expanding renewable energy portfolio, with the Apodi and Mendubim projects. With the arrival of Danske Commodities, Equinor is expanding its activities to trade electricity in the free market, bringing more competition and options to customers in Brazil.

Equinor Begins Energy Trading Activities with Danske Commodities in Brazil

Norwegian Equinor Is Expanding Its Activities in Brazil with the Start of Energy Trading Operations at Its Subsidiary Danske Commodities.

Equinor: Company Overview

Equinor in Brazil

Danske Commodities in Brazil

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Equinor Begins Energy Trading Activities with Danske Commodities in Brazil

Norwegian Equinor Is Expanding Its Activities in Brazil with the Start of Energy Trading Operations at Its Subsidiary Danske Commodities.

Equinor: Company Overview

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Danske Commodities in Brazil

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