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L’Oreal Brazil signs wind PPA with Engie

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

June 18 (Renewables Now) - Brazilian power utility Engie Brasil Energia SA (BVMF:EGIE3) announced on Monday it will be supplying L'Oreal Brazil with power from the 212.6-MW Trairi wind complex in Ceara.

No financial details were given.

The local unit of French energy group Engie (EPA:ENGI) said that under the power purchase agreement (PPA), the cosmetics company will be avoiding 7,000 tonnes of carbon dioxide (CO2) emissions across its sites in Brazil.

The PPA allows L'Oreal to use clean energy to power its manufacturing plants, distribution centres, research centre and headquarters. It supports the company's sustainability commitment and its goal of cutting CO2 related to energy consumption at its operated sites, Engie pointed out.

Engie Brasil has 6% of the country’s wind capacity, with an installed capacity of 9,866 MW in 60 wind farms.

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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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