Spain’s Acciona Energía has entered the Brazilian renewables market, acquiring two wind energy development projects, with a combined capacity of 850MW. The deal to buy the Sento Se I and II wind farms from the country’s largest renewable investment firm, Casa dos Ventos, is subject to certain conditions and approval by Brazil’s competition authorities.
Acciona has not disclosed how much it is paying for the wind farms, but said it expected to obtain the necessary licences and permits to start construction on them in 2022. It said it will cost around €800 million to develop the two projects, which are located in the north-eastern state of Bahia, the heart of Brazil’s 20GW wind energy industry.
“The purchase of these two development projects in Brazil represents Acciona Energia’s first step into the Brazilian renewable energy market,” the company said.
It is now studying other wind and solar photovoltaic projects in the country “with the aim of being an active participant in the long-term energy transition and contributing to the decarbonisation of the economy and business activity.”
Acciona is aiming to double its renewable energy capacity from 9.8GW today to 20GW by 2025.