From pv magazine Latam
In June 2019, the energy division of the Brazilian multinational Votorantim, Votorantim Energia, announced the creation, together with the Canada Pension Plan Investment Board (CPP Investments), of a joint venture.
Now, that joint venture, called VTRM, affirms that it will invest BRL189.98 million (US$35.6 million) in the first hybrid solar and wind energy park in Brazil, as announced by Votorantim Energia on its LinkedIn account.
The pilot project was recently approved by the Brazilian energy regulator, Aneel, and will have an initial generation capacity of 68.7 MWac. It will be installed on a plot next to the existing 205.9 MW Ventos do Piauí I wind farm, whose purchase was announced by Votorantim Energia in 2019 and the two facilities will share the transmission substation.
The commissioning of the entire complex is scheduled for early 2023 and it will have a total installed capacity of 274.6 MW. It will sell energy on the free market.
The company affirms that hybrid generation is part of Votorantim Energia's strategy to expand the generation of renewable energies, and said it is building two new hybrid complexes in the region, with an investment of BRL2 billion (US$375 million).
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