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Statkraft plans to quadruple renewables portfolio in Brazil - report

Solar array. Author: U.S. Department of Agriculture .

September 5 (Renewables Now) - Norwegian state-owned energy company Statkraft AS intends to quadruple its installed renewable energy capacity in Brazil over the next five years, on official told Reuters.

The company is eyeing wind, solar and small hydropower (HPP) projects for this expansion, to be pursued through acquisitions, participation in government auctions and in the country's free market, the president of Statkraft Energias Renovaveis (BVMF:STKF3), Fernando de Lapuerta, told the news agency.

According to Lapuerta, Statkraft has several wind projects already registered to take part in the upcoming A-6 tender to be held in October. Specifically, the firm is looking to develop wind and solar schemes in the Northeast region of Brazil, while keeping small hydro in the South and Southeast.

Currently, the European company operates 22 plants in Brazil totalling 450 MW, of which 130 MW come from wind farms and the remaining is from hydroelectric facilities, the report says.

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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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