GDF Suez announces up to 750 MW of renewable energy development in Brazil
GDF SUEZ, through its subsidiary Tractebel Energia, continues to strengthen its renewable energy position in Brazil. Around 750 MW of additional renewable capacity is expected to be commissioned over the next 6 years through construction at the Santa Monica Wind Park and at the recently acquired Campo Largo complex. Both projects are located in the Northeast of Brazil.
Gerard Mestrallet, Chairman and CEO of GDF SUEZ, commented:
These new developments confirm our commitment to Brazil, which is a key market for GDF SUEZ. Brazil is particularly suitable for wind energy investments, taking into account the attractiveness of both the natural environment and the commercial background.
The 97 MW Santa Monica project, in the State of Ceará close to Tractebel Energia’s existing 115MW Trairi and 26MW Beberibe Wind Farms, will benefit from shared infrastructure including substations and a transmission line.
Santa Monica is expected to become operational in the second half of 2016 and its output has been sold directly to commercial customers under contracts with terms of up to 8 years.
Campo Largo, located in the State of Bahia, comprises several wind development projects totaling around 650MW that are in different phases of development. There is also an option to develop solar projects in the same area. These projects are subject to full local approvals and are expected to be developed in the next 6 years.
In addition to these projects, Tractebel Energia also commissioned 115MW at the Trairi Wind Park in the first quarter of this year.
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