The 531 MW Mendubim photo voltaic plant in Brazil has come into operation. This marks a 30% improve in Equinor’s fairness energy manufacturing in Brazil.
“Mendubim represents an essential contribution to Equinor’s diversified vitality providing in Brazil that features a sturdy oil and fuel portfolio and a beautiful renewables place,” mentioned Veronica Coelho, Equinor’s nation supervisor in Brazil.
Mendubim will yearly produce 1.2 TWh of energy. Round 60% of the ability shall be bought on a 20-year USD-denominated energy buy settlement (PPA) with Alunorte, one of many world’s main suppliers of alumina for the aluminium trade.
The remaining manufacturing shall be bought within the energy market in Brazil. The asset is predicted to ship actual base challenge returns in the midst of Equinor’s guided vary for renewables of 4-8%.
The challenge is developed and operated as a three way partnership between Scatec, Hydro Rein and Equinor. All three companions have an equal financial curiosity of 30% within the challenge. At the side of the beginning of economic operations, Alunorte has exercised its name choice and now holds the remaining 10%.
“Launching a serious new photo voltaic plant in Brazil in partnership with Scatec and Hydro Rein is a vital achievement. Equinor has carried out enterprise in Brazil for over 20 years, and we see the nation as a core space for long-term worthwhile development. By investing in renewable vitality, we’re supporting Brazil’s ambitions in direction of a various vitality combine and serving to to satisfy the anticipated energy demand development within the nation,” mentioned Olav Kolbeinstveit, Senior Vice President for onshore and markets with Renewables at Equinor.
For extra information and technical articles from the worldwide renewable trade, learn the most recent challenge of Vitality International journal.
Vitality International’s Winter 2023 challenge
The Winter 2023 challenge of Vitality International hosts an array of technical articles climate evaluation, geothermal options, vitality storage expertise, and extra. This challenge additionally includes a regional report taking a look at the way forward for renewables in North America, and a report from Théodore Reed-Martin, Editorial Assistant, Vitality International, on how Iceland utilises its distinctive geology for renewable vitality.
Learn the article on-line at: