2W Energia is advancing in its plan to expand its operations in the renewable energy generation segment by confirming the financing of its first wind energy parks in the Northeast.
2W Energia will invest approximately R$950 million in the Northeast, building two wind farms: one in Ceará and the other in Rio Grande do Norte, further boosting the Brazilian renewable energy sector.
Read also
2W's millionaire investment in the Brazilian Northeast
The strategy for investing in wind power in the Northeast is due to strong growth in the free energy market, where customers with high demand can negotiate prices and supplies with trading companies.
The company expects that, in about 2 months, the mobilization for the works of the first wind energy park in the Northeast will begin, which will be in Anemus, in Rio Grande do Norte, with 139 megawatts and has a completion date scheduled for September 2022.
The other investment will be the wind power plant located in Kairós, Ceará, with 42 megawatts and construction is expected to start at the end of the second half, around December. The renewable energy company secured a $45 million mezzanine loan from Darby International Capital. US$35 million will be used for the Anemus wind energy project.
already the project Kairos must use the remaining amount of the loan. The company expects to receive funds from Banco do Nordeste for the works, which, in total, will have an investment of R$ 950 million.
2W authorities pronounce on new investment in renewable energy in Brazil
According to Guilherme Moya, 2W's Commercial and Marketing vice-president, the company has advanced in the commercialization of future production from Anemus, in the Northeast, focusing on small and medium-sized companies, considered retail customers.
He says that, continuing at this pace, the renewable energy company will sell all the energy from the wind farm to retailers prior to commercial operation. The investment strategy is always to have the energy for the next three years of the park, in the Northeast, 100% sold in contracts of at least 5 years.
The company's CEO, Claudio Ribeiro, expects to complete the deal in 60 days, after defining how payment will be given. The main idea of the renewable energy company is to do some structured operation, exchange of shares or something like that. According to Ribeiro, the company intends, in a macro way, to get closer and closer to technology.
About 2W Energia
With more than 100 commercial representatives not only in Brazil, 2W Energia aims to change the consumer's experience with energy. Its operations provide customers with access to renewable energy at a competitive price.
As mentioned before, the company invests in its own generation of renewable energy, with wind and solar energy as its main sources.
