- Casa dos Ventos will invest over R$12 billion by the end of 2026 to support the company’s expansion cycle.
- The executive director stated that the goal is to expand the solar generation portfolio at sites where wind projects are currently being operated and create hybrid farms in Brazil.
Casa dos Ventos, a Brazilian renewable energy developer, has made public that it will invest over R$12 billion by the end of 2026 to support the company’s renewable energy expansion cycle.
While unveiling the new expansion plans, the company’s executive director, Lucas Araripe, shared that Casa dos Ventos has 1.8 GW of installed capacity and aims to reach 3.1 GW by 2025. He stated that the goal is to expand the solar generation portfolio at sites currently operating wind projects, creating hybrid farms, and a large-scale solar farm in the Southeast or Midwest.
Also, the company intends to approve its first solar projects in 2024, which will add about 1 gigawatt of installed capacity. According to Araripe, the total project portfolio in wind and solar sources could reach 4.2 GW by 2026.
He said, “The R$12 billion amount includes new solar projects and the completion of wind projects under construction. Between R$3 billion and R$3.5 billion will be funded with equity, and the remainder will be financed through long-term loans from BNDES, BNB, and the capital markets, like tax-exempt debentures.”
A recent partnership with TotalEnergies is helping with the development of the project. The French oil major has acquired about a third of the Brazilian electric company. “Total’s entry capitalizes us and reduces our cost of capital,” he noted.
According to the executive director, Casa dos Ventos has also become the largest customer of Danish company Vestas, with 1.3 GW in equipment, marking the world’s largest wind turbine purchase. Beyond investments in the electricity market, the company also has plans for the green hydrogen and derivatives sector.
“We need to consider tax relief for equipment and ‘opex’ to generate hydrogen. Additionally, Brazil needs to secure project financing through major institutions, such as the BNDES,” he said.