EDP Brazil secures R$1 billion in funding to power 800,000 households


EDP Renewables has received R$1 billion ($232 million) in funding from the Brazilian Development Bank to build six wind energy farms in Jandaira, Lajes and Pedro Avelino municipalities in Rio Grande do Norte.

The wind farms will have 76 wind turbines and a total installed capacity of 319.2 MW – enough to supply around 800 thousand homes.

Up to 700 jobs are expected to be created once construction is underway in January 2021. The wind farms are expected to start commercial operations over the course of 2022.

The project will help reduce greenhouse gas emissions from energy generation, expand the country’s portfolio of renewables as well as strengthen the supplier chain in the wind turbine sector in the country.

Each wind farm will operate as a special purpose company which will be controlled by MV Holdings SA, which in turn is controlled by EDP Renováveis Brasil SA