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AES Tietê and Unipar Plan to Invest R$ 1.29 Billion in the Construction of a Wind Power Generation Park in Bahia.
A wind power generation park with an installed capacity of 155 megawatts (MW) will be built as a joint venture with AES Tietê in Bahia. The companies plan to invest R$ 1.29 billion in the construction of the new project. Another investment in the state, a new biodiesel plant authorized by the government will generate more than a thousand jobs in Bahia
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Of the total, R$ 620 million of the investment will be equally divided between the two partner companies in the joint venture, and R$ 670 million will be invested by AES Tietê.
On the same day that the parent company AES Brasil announced the sale of UTE Uruguaiana, AES Tietê Energia completed the establishment of a joint venture with shared control with Unipar Carbocloro.
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The companies signed an Investment Agreement at the end of last year to establish the partnership aimed at wind energy generation.
The wind power generation park project has a capacity of 155 MW, equivalent to 78 average MW of assured energy, of which 60 average MW have already been sold through a 20-year contract signed between the JV and Unipar.
The project is under construction and is part of the Tucano wind complex with 583 MW, located in Bahia. The commissioning of the 155 MW is scheduled for the second half of 2022.
AES’s financial director, Clarissa Sadock, stated that to finance the project, AES Tietê does not rule out issuing infrastructure debentures. She added that the company has already applied for credit with BNB and BNDES, highlights the InfoMoney portal.
AES Tietê plans to produce energy using only 100% renewable sources and, therefore, does not rule out acquiring more wind and solar energy assets.
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