Neoenergia signs PPA deal with Ambar Energia for the 471.25 MW Chafariz wind complex in Paraiba

Neoenergia has entered into an energy trading agreement with Ambar, the energy arm of J&F Group, which includes companies such as BS, Eldorado Brasil Celulose, Flora, PicPay, and Banco Original.

Under the Power Purchase Agreement (PPA), J&F Group access 300 MWavg of renewable energy stemming from two new wind complexes under construction in the Northeast, through trading in a free market for the next 10 years, as from 2023. The two wind farms that will generate part of the energy supplied to Âmbar are expected to start operations between the second half of 2021, and are part of the Chafariz project, under construction in Paraíba's hinterland.

The project will feature a total of 15 farms and an installed capacity of 471.2 MW, and the construction works were started in 2019, and the first wind turbines started operations ahead of the business plan, in late June. The 53 wind turbines are in operation, representing an installed capacity of 184 MW. In total, the project includes 136 turbines, one of the most modern models in the global market. Project construction has created over 1.4 thousand jobs in the region. In addition, the new asset features operational synergy with Luzia solar farm and transmission line Santa Luzia.