Brazil's Unigel signs wind PPA with Casa dos Ventos

Brazil's Copel Cutia Wind Complex in Rio Grande do Norte

October 4 (Renewables Now) - Brazilian petrochemical company Unigel has signed an off-take contract with local developer Casa dos Ventos Energias Renovaveis to buy some of the electricity generated by the 360-MW Babilonia Sul wind farm complex.

Under the power purchase agreement (PPA) worth BRL 1 billion (USD 185m/EUR 159m), Unigel will receive a supply of electricity for 20 years, it was reported by several media outlets in Brazil.

Babilonia Sul’s output will be allocated not only to Unigel but also several other companies starting in 2024, the petrochemical company was quoted as saying by Reuters.

The wind complex is currently under construction in Bahia state and should be able to help Unigel to offset some 200,000 tonnes of carbon dioxide (CO2) emissions per year. The company also has the option of becoming a partner in the wind complex, according to media reports.

(BRL 1.0 = USD 0.185/EUR 0.159)

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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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