Engie, through its affiliate Engie Brasil Energia, has agreed to acquire the 882 MW Serra do Assuruá onshore wind project in Gentio do Ouro (Bahia) from PEC Energia for a total consideration of BRL265m (US$52m). The transaction comprises 24 wind project development grants, a leasing contract, wind measurement tower data and other assets.
In December 2021, the state-owned Brazilian Development Bank (BNDES) awarded financing worth BRL1.5bn (US$260m) to Engie for the first phase of the 434 MW Santo Agostinho wind project, covering around 64% out of the total investment in the project. The project, located in the municipalities of Lajes and Pedro Avelino in Rio Grande do Norte (north-eastern Brazil), will comprise 70 Siemens Gamesa-made wind turbines rated 6.2 MW each.
Wind accounts for nearly 10% of Brazil’s installed capacity with over over 17 GW (2020).