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Equinor Announces First Hybrid Renewable Energy Project, The SdB Solar Complex, In Brazil. Model Allows Complementary Production Of Solar And Wind Energy.
Equinor has revealed its latest venture in Brazil, the SdB Solar Complex, which promises to revolutionize clean energy production in the country. With a capacity of 140 MWp, this project will boost the generation of solar energy in an innovative and sustainable way.
The SdB Solar Complex not only represents a significant achievement for Equinor but also an important milestone for the renewable energy sector in Brazil. The combination of solar and wind energy will allow for more efficient and complementary production, contributing to the expansion of the country’s clean energy matrix.
SdB Solar Complex: New Investment From Equinor In Renewable Energy
The project will be developed in the state of Bahia, within the area of Serra da Babilônia I, a complex of onshore wind farms already operated by Rio Energy. Rio Energy, a Brazilian onshore renewable energy company, was acquired by Equinor in 2023 to serve as its growth platform in the onshore renewable energy sector in the country.
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First Solar Project From Rio Energy: SdB Solar Complex
The SdB Solar Complex marks the first investment decision under Equinor’s management and will be Rio Energy’s first solar project. “This is an important milestone for us, and our organization is very motivated to deliver the project safely and efficiently,” says Marcos Meireles, CEO of Rio Energy.
Hybrid Model For Complementary Energy Production
The start of construction for the SdB Solar Complex is scheduled for September 2024, and commercial operation is expected by the end of 2025. The hybrid model allows for complementary production of solar and wind energy. The SdB Solar Complex will utilize the existing interconnection system and will not require additional capacity from the grid.
Synergies Between Renewable Energies And Energy Trading
It will inject energy into the grid when wind projects are not utilizing their capacity, optimizing total energy production. “We are pleased to approve this investment just seven months after the acquisition of Rio Energy. Our participation in this platform creates a solid foundation to build a substantial and profitable renewable energy portfolio in the country, leveraging Rio Energy’s capabilities and maximizing synergies with our trading, Danske Commodities.”
SdB Solar Complex: Strategic Partnership In Brazil’s Northeast
This is also our fourth project in Brazil’s Northeast, underscoring the area’s importance in providing renewable energy sources,” says Veronica Coelho, President of Equinor in Brazil. In line with Equinor’s strategy for Brazil, once operational, the energy produced by the SdB Solar Complex will be traded by Danske Commodities, an energy trading company wholly owned by Equinor. The project is expected to generate returns in line with the company’s renewable guidelines.
Growth Of Equinor’s Renewable Energy Portfolio In Brazil
“Thanks to the dedicated and committed team at Rio Energy, we are making excellent progress towards our renewable energy goals in Brazil, and with the approval of the SdB Solar Complex, we now have ~600 MW of solar and wind energy in production and construction in the country,” declares Christian Lie Hansen, Vice President of Equinor for onshore renewable energy in the Americas. “The investment decision reinforces Brazil’s relevance as a key area for achieving our ambition to be leaders in the energy transition, focusing on profitable growth in renewable energies.”
Expansion Of Equinor’s Onshore Renewable Energy Portfolio In Brazil
Equinor’s renewable energy position in Brazil includes three commercially operational assets: the Apodi solar complex, with 162 MW (44%); the Mendubim solar complex, with 531 MW (30%); and the wind farms of the Serra da Babilônia complex, with 223 MW (100%). There is also a pipeline of over 1.5 GW of onshore solar and wind projects being developed by Equinor’s wholly-owned subsidiary, Rio Energy. Equinor is an international energy company committed to creating long-term value in a low-carbon future.
With a portfolio that spans oil, gas, renewable energy, and low-carbon solutions, Equinor is the leading operator on the Norwegian continental shelf and is present in about 30 countries around the world. In Brazil, a key strategic area in the company’s international business, the growing portfolio includes assets in oil and gas as well as renewable energies.
Source: © lucas.schuenck@fsb.com.br
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