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More Investments in the Renewable Energy Sector! CPP and Votorantim Energia Will Build Wind Farms in the Northeast Region
Votorantim Energia and CPP (CPP Investments – joint venture formed by Votorantim Energia and the Canada Pension Plan Investment Board) will build two new wind complexes in the Northeast and will invest about R$ 2 billion in the works (Ventos do Piauí II and III).
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In the wind energy market since 2015 with the Ventos do Piauí I project (operating since 2017 with an installed capacity of 205.9 MW), Votorantim Energia established the joint venture with CPP Investments so they could drive the development of the clean energy sector in Brazil.
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Construction is expected to begin early next year, with completion projected for 2023. During this time, numerous jobs will be created, both directly and indirectly, to meet the needs of the construction.
The operations of the wind farms are scheduled for 2022. Each complex will have five wind farms located in the Serra do Inácio region, between the states of Piauí and Pernambuco. Together, the two complexes will have a total installed capacity of 411.6 MW.
According to Votorantim Energia’s CEO and the chairman of the joint venture, Fábio Zanfelice, “Along with the Ventos do Piauí I and Ventos do Araripe III parks, these projects will make up the largest wind generation cluster in Brazil. The Joint Venture will be responsible for 5% of the country’s wind generation base and 36% of the wind generation base in Piauí. There will be 976.2 MW of installed generation capacity, with 745.2 MW in that state and 231.0 MW in Pernambuco.”
However, 60% of the capacity of the complexes is already contracted by Votorantim Cimentos and Companhia Brasileira de Alumínio, CBA. The remaining capacity will be traded in the free market.
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