Electra Group and Vinci Partners Invest R$ 2.5 Billion in the Construction of Wind and Solar Power Plants in Bahia and Rio Grande do Sul

Electra Group and Vinci Partners Are Investing Together R$ 2.5 Billion for the Construction of Wind and Solar Power Plants in Bahia and Rio Grande do Sul

The Electra Group and Vinci Partners have closed a partnership to install renewable energy plants in Brazil. The partnership between the companies includes almost 400 MWP solar power plants in the state of Bahia and 120 MW wind power in Rio Grande do Sul. The solar energy project in Bahia is expected to receive an investment of R$ 1.7 billion, with construction starting in the first half of next year. For the wind energy project in Rio Grande do Sul, around R$ 700 million will be invested, with work expected to begin in 2024.

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Electra Group Company Could Become a Major Player in the Renewable Sector

The projects for wind and solar power plants in Rio Grande do Sul and Bahia are being developed by Gradiente Energias Renováveis, a company of the Electra Group focused on the development and investment of renewable energy projects for the free market.

According to Sergio Brandão, president of the company, the partnership between the companies demonstrates that Gradiente has all the ingredients to become an important player in the renewable energy sector, such as solar and wind energy, contributing to the evolution of the regions in which it operates and to the progress of the country.

According to José Guilherme Souza, partner and head of Infrastructure at Vinci Partners, Gradiente, with all of its team’s experience, is proving to be the ideal partner for expanding investments in solar and wind power assets, significantly contributing to reducing the impacts of global warming.

Understand the Reason for Choosing Bahia and Rio Grande do Sul for the Construction of the Plants

Bahia leads in the solar energy sector, especially in the municipalities of Tabocas, Bom Jesus da Lapa, Brejo Velho, Salvador, Juazeiro, Itaguaçu da Bahia, and Guanambi.

According to Aneel and the Bahia Secretary of Economic Development, the solar power landscape in the state accounts for 25% of the solar power plants in the country, making it the national leader in solar generation in Brazil. The plants in Bahia have 316 MW of installed capacity, in addition to recording an average of 22.8 MW, according to information from CCEE.

Rio Grande do Sul, on the other hand, is currently the fifth state in the country with the highest installed capacity for wind power. In total, there are 1,836 MW spread across 80 wind generation plants. This source contributes 27.5% to the generated energy and 19.6% to the installed capacity in Rio Grande do Sul.

Meet the Companies Involved

Electra, with over 25 years in the market, was founded through the union of a desire to fulfill dreams and the experience accumulated over the years by dedicated professionals who always strive to deliver the best to their clients.

Currently, the Group operates in over 9 sectors and serves private and public companies. Vinci Partners, founded in 2009, is made up of managers with extensive experience in the financial market and has a deep understanding of the Brazilian economy and an extensive network of relationships.

In total, the company manages R$ 57 billion, with 297 funds/vehicles and 34 partners with complementary experiences.