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AES Tiete inks wind PPA with Anglo American for 79 MWa

Wind farm. Author: Dirk Ingo Franke. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

December 3 (Renewables Now) - Brazilian energy firm AES Tiete Energia SA (B3:TIET11) announced on Monday it has signed a power purchase agreement (PPA) with Anglo American Niquel Brasil Ltda for 79 average megawatts (MWa).

The PPA with the local unit of mining multinational Anglo American plc (LON:AAL) will become effective in 2022 for a period of 15 years, the company said in its note to the press.

The contract allows AES to commence construction of a 167.4-MW wind farm in the state of Bahia in 2021. The company estimates it needs to invest around BRL 670 million (USD 159.3m/EUR 143.8m) in the project.

Last month, AES Tiete announced the formation of a joint venture (JV) with Unipar Carbocloro SA to develop a 155-MW wind project, also expected to break ground in the state of Bahia in 2021. Under this agreement, Unipar is entering into a 20-year PPA with the JV to buy 60 MWa from the wind park.

(BRL 1 = USD 0.238/EUR 0.215)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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