Brazilian wind energy company AES Tietê Energia announced on Thursday night that it has completed the formation of a joint venture (JV) with Unipar Carbocloro to develop a 155 MW wind project
The partners expect the wind farm to start generating wind energy in the second half of 2022. AES Tietê mentioned that the project is part of the 583 MW Tucano wind complex, located in Bahia.
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On the same day that the parent company AES Brasil announced the sale of UTE Uruguaiana, AES Tietê Energia completed the constitution of a joint venture with shared control with Unipar Carbocloro, as announced in a Relevant Fact in November 2019.
It will be necessary to invest around BRL 4 million per MW for the construction of the wind power plant, the company previously pointed out.
With a capacity equivalent to 78 average megawatts (MWa), the new wind farm already has a 20-year power purchase agreement (PPA) signed between the JV and Unipar for 60 MWa. This agreement is expected to come into effect in 2023, as per the initial announcement made on November 11, 2019.
At the end of last year, the parties closed an Investment Agreement for the incorporation of the company aimed at generating energy through wind power.
Finally, the project object of this association has 155 MW of installed capacity, equivalent to 78 average MW of assured wind power, with 60 average MW already sold through a 20-year contract signed between JV and Unipar, expects sure it will be a successful partnership with positive results.
