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Iberdrola and Âmbar Have Reached an Agreement for Renewable Energy

The two wind farms that will generate part of the energy supplied to Âmbar are expected to start operating in the next few days, being part of the Chafariz project, under construction in the Sertão da Paraíba. The project has a total of 15 farms and an installed capacity of 471.2 MW, the works began in 2019 and, in anticipation of the business plan, at the end of June, the operations of the first wind turbines began.

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Iberdrola has just signed an energy marketing contract with one of the largest Brazilian business groups. The electricity company, through its subsidiary Neoenergia, has reached an agreement with Âmbar, the energy arm of the J&F group, which includes companies such as JBS, Eldorado Brasil Celulose, Flora, PicPay, and Banco Original, to supply them with electricity for the next ten years from its Latin American wind power giant: the Chafariz and Oitis complex.

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Under the agreement, in PPA mode, the J&F group gains access to 30 MWm of renewable energy from two new wind complexes under construction in the Northeast, starting in 2023

“The contract with Âmbar is a demonstration of corporate concern for the environmental issue and that our commitment to a more sustainable model in the electricity sector, initiated more than 15 years ago, is on the right track. The market increasingly values sustainability in business and we continue to innovate and strive to meet the demand for clean energy. The 27 new wind farms we are building in Paraíba, Bahia and Piauí will triple our installed wind power capacity. In addition, the company is moving forward with the implementation of two solar plants, also in the Northeast, and we are aware of the opportunities to expand our investment portfolio,” says Neoenergia’s Director of Liberalized Businesses, Hugo Nunes.

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The two wind farms that will generate part of the energy supplied to Âmbar are expected to start operating in the next few days, being part of the Chafariz project, under construction in the Sertão da Paraíba. The project has a total of 15 farms and an installed capacity of 471.2 MW, the works began in 2019 and, in anticipation of the business plan, at the end of June, the operations of the first wind turbines began. Currently, 53 pieces of equipment are in operation, representing an installed capacity of 184 MW. In total, there will be 136 turbines of one of the most modern models on the market. The Oitis Wind Complex started in November 2020, three months ahead of the business plan. In this case, there will be 12 wind farms, with an installed capacity of 566.5 MW.

With the new farms, Neoenergia will reach 1.5 GW of installed capacity in wind energy, three times the current power in this source. The increase in investments in renewables is aligned with the company’s commitment to the United Nations Sustainable Development Goals (SDGs), mainly to provide clean energy and combat climate change.

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(Featured image by distelAPPArath via Pixabay)

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First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.