STOA takes a 33% equity stake in Voltalia’s VSM 3 wind plant

Voltalia announced on that STOA is acquiring a 33% equity stake in Ventos Serra do Mel III (VSM 3), Voltalia’s 152 MW greenfield wind farm, located in Rio Grande do Norte, Brazil.

Following the closing of the transaction, the plant is 57% owned by Voltalia, 33% by STOA, and the remaining 10% by a local partner. The project is set to offset around 90,000 tons of equivalent CO2 per year.

The new wind plant is currently under construction and has a 20-year power purchase agreement (PPA) with Brazilian public utility CEMIG. 

The wind farm will be equipped with 3.5 MW Siemens Gamesa turbines. DoisA will provide services related to civil works, SETA and WEG will work on the electrical balance of plant. The first wind turbines are expected to be completed during the 4th quarter of the year with full operation to be reached in 2nd quarter of 2021.