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Neoenergia and CCR sign pioneering agreement for self-production of wind energy to supply 60% of energy demand and reduce emissions

Written by Rafaela Fabris
Published 11/11/2024 às 21:53
Neoenergia and CCR sign pioneering agreement for self-production of wind energy to supply 60% of energy demand and reduce emissions
Neoenergia sells stake to CCR for R$21,7 million. (Image: Reproduction)

Partnership between Neoenergia and CCR seeks to reduce emissions with self-production of wind energy to supply 60% of CCR's energy demand

Neoenergia (NEOE3) announced this Monday (11) an important agreement with subsidiaries of CCR (CCRO3) for self-production of wind energy, an initiative that aims to decarbonize CCR's operations and make 100% of its assets supplied by renewable sources by 2025.

This project marks the first contract of its kind signed by the mobility company, directly meeting 60% of the current energy demand of its concessionaires in São Paulo.

The agreement involves the sale, by Neoenergia, of minority stakes in wind farms in the Oitis complex, in Piauí, to CCR subsidiaries, for the amount of R$21,7 million.

The energy production will be used for consumption by CCR operations for a period of 16 years, with supply scheduled to begin in January 2025.

New modality at Neoenergia

The energy generated will total 44 average megawatts (MWm), a volume that contributes significantly to CCR's sustainability goals and its commitment to clean energy.

The self-production modality, which is growing in Brazil, allows companies to become co-producers by investing in power generation plants, guaranteeing access to incentives that reduce costs, such as exemption from sector charges.

Free energy market

In this way, CCR will be able to optimize its energy expenses while strengthening its sustainability strategy. This project, in addition to serving its transport operations, contributes to CCR's emissions neutralization goal, which in 2023 had already migrated to the free energy market, acquired renewable energy certificates (IRECs) and invested in solar generation.

For Neoenergia, the partnership means a long-term source of revenue and a reinforcement of the expansion strategy in renewable generation sources.

“This agreement guarantees financial stability with adequate profitability and reaffirms our commitment to sustainable investments”, commented Hugo Nunes, executive director of Liberalized Business at Neoenergia.

The contract is still subject to approval by regulatory bodies, including the Administrative Council for Economic Defense (CADE).

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Rafaela Fabris

It discusses innovation, renewable energy, oil and gas. With over 1.200 articles published in CPG, it provides daily updates on opportunities in the Brazilian job market.

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