Equinor strengthens integrated power portfolio in Brazil

23 Mar Equinor strengthens integrated power portfolio in Brazil

(Oilandgaspress) -Equinor has acquired the ready to build 230 MW Esquina do Vento onshore wind complex from Vestas. With this investment Equinor expands its broad energy offering in Brazil, further strengthening its integrated power portfolio for long-term growth in one of the company’s core markets.

The 51 turbine complex is located in the state of Rio Grande do Norte.

The acquisition, conducted by Equinor’s fully owned subsidiary Rio Energy, supports Equinor’s power strategy to build market-driven, multi-technology portfolios. By combining renewable generation, operational capabilities and energy trading, these portfolios will further enhance value creation. The Esquina do Vento complex is expected to deliver double digit project returns.

This investment is in line with Equinor’s strategy of building an integrated power business, combining wind and solar assets in the same market, reducing intermittency, optimising grid utilisation and improving the overall value of the power portfolio.

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