Total Eren, One of the Leading Independent Renewable Energy Producers Based in Paris, Announces Commissioning of Terra Santa and Maral Wind Farms in the State of Rio Grande do Norte

Total Eren, One of the Leading Independent Renewable Energy Producers Based in Paris, Is Pleased to Announce That It Has Successfully Commissioned the Wind Farms “Terra Santa” (92.3 MW) and “Maral” (67.5 MW) in the State of Rio Grande do Norte

Terra Santa (92.3 MW) and Maral (67.5 MW), in Rio Grande do Norte, have 20-year private power purchase agreements (PPAs) with Cemig Geração e Transmissão (“Cemig GT”), one of the largest energy generators and distributors in Brazil. Together, the wind farms will generate 730 GWh per year, enough to supply over 400 thousand homes in Brazil.

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Total Eren Projects Have 45 Siemens Gamesa Wind Turbines

For these projects, Total Eren signed Wind Turbine Supply Agreements with Siemens Gamesa on October 15, 2019, for the acquisition of 45 wind turbines with a nominal capacity of 3.55 MW.

The total investment in the Terra Santa and Maral wind farms reaches R$ 829 million (~ US$ 154 million). In December 2019, Total Eren secured financing of R$ 423 million (~ US$ 79 million), with a term of 22 years, granted by Banco do Nordeste (“BNB”), an important Brazilian development bank, acting as the sole long-term lender in the transaction.

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As collateral, bank guarantee letters were issued by three commercial banks active in Brazil: Banco Sumitomo Mitsui Brasileiro S.A., Banco do Brasil S.A., and Banco Santander (Brasil) S.A.

Total Eren’s Renewable Energy Investments in Brazil Contribute to a Low-Carbon Environment and Socioeconomic Development

With the Terra Santa and Maral complexes, Total Eren contributes to a low-carbon environment and the socioeconomic development of Brazil. Approximately 1,650 workers were contracted during the construction, and 30 permanent employees were hired for operations and maintenance phases.

Active in Brazil since 2013, Total Eren currently has a total of 300 MW of solar and wind assets in operation, and an advanced pipeline of 700 MW in the country, aimed at providing competitive renewable energy to private and public customers. In addition to the Terra Santa and Maral wind farms, Total Eren operates three photovoltaic solar plants in Brazil: Dracena (90 MWp), BJL 11 (25 MWp), and BJL 4 (25 MWp).

Company Directors Comment on Investments in Brazil

Fabienne Demol, Executive Vice President and Global Head of Business Development of Total Eren, commented: “We are very pleased with the commissioning of our Terra Santa and Maral wind farms, two amazing projects that we are proud to deliver for the benefit of our off-taker, Cemig GT. I would like to thank our teams for their excellent work in reaching this milestone, despite the current context related to the COVID-19 pandemic. Looking to the future, we are confident that we will develop new renewable energy projects in Brazil and advance our trajectory in Latin America in the coming years.”

Pierre-Emmanuel Moussafir, Executive Director of Total Eren Brazil, added: “This is a very important milestone for Total Eren in Brazil, as we have now completed a full cycle, implementing solar and wind power plants in the country, alongside building a strong team to face our next challenges.”

Besides Brazil, Total Eren is developing projects in other countries in the Latin American region, as well as Central America and the Caribbean. The company has 180 MW of wind and solar plants in Argentina and, together with TotalEnergies, 190 MWp of solar capacity in operation in Chile, where Total Eren secured land and launched studies to develop a large-scale green hydrogen project, totaling up to 10 GW of installed wind capacity in the Magallanes region. In the Galápagos Islands, Total Eren also recently announced co-development of a 14.8 MWp renewable microgrid project with its Ecuadorian partner, Gransolar.

About Total Eren

Founded in 2012 by Pâris Mouratoglou and David Corchia, Total Eren develops, finances, builds, and operates renewable energy plants (solar, wind, hydro) with a gross capacity of more than 3,500 MW in operation or under construction worldwide.

Through partnerships with local developers, Total Eren is currently developing several energy projects in countries and regions where renewable energy is an economically viable response to the growing energy demand, such as in Europe, Central and South Asia, Asia-Pacific, Latin America, and Africa.

The goal is to achieve a global gross installed capacity of over 5 GW by 2022. Since December 2017, TotalEnergies, one of the largest energy companies, has been a shareholder of Total Eren.