Brazil's CGT Eletrosul puts 302-MW wind project in motion

Brazilian utility CGT Eletrosul said on Friday it has started the implementation of the 302.4-MW Coxilha Negra wind energy project.

The subsidiary of utility Eletrobras (BVMF:ELET3) estimates the project will require an investment of BRL 2.1 billion (USD 411.4m/EUR 411.2m).

Specifically, the company has received the go-ahead from power sector regulator Aneel and signed the contracts with the companies in charge of the infrastructure works for the project.

CGT Eletrosul noted that the formalisation of the contracts marks the start of Coxilha Negra's implementation. The first turbines are expected to begin producing electricity in the first quarter of 2024.

Covering an area of 8,466 hectares in SantAna do Livramento, Rio Grande do Sul state, Coxilha Negra will consist of 72 wind turbines supplied by domestic electrical equipment manufacturer WEG SA (BVMF:WEGE3). The contract also includes logistics, assembly and commissioning, as well as operation and maintenance (O&M) services.

In addition to Coxilha Negra, CGT Eletrosul owns the 138-MW Cerro Chato wind complex in the region of SantAna do Livramento. With the addition of the new asset, the company will have some 440 MW of wind power under its portfolio.

(BRL 1.0 = USD 0.196/EUR 0.196)

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