British oil company BP signed a 15-year contract to purchase wind power from Brazilian renewable project developer Casa dos Ventos.
The agreement, which provides for the supply of wind energy with wind turbines from 2023, was signed with BP’s local energy marketing unit and provides for the delivery of production from the Rei do Vento Wind Farm, currently under construction by Casa dos Ventos , in Rio Grande do Norte.
BP Comercializadora de Energía operates in the free electricity market, an environment in which high-consumption companies, such as industries, can directly negotiate their supply contracts with suppliers.
“Our strong financial balance and credit rating allow us to supply energy from a variety of sources at competitive prices. The contract with Casa dos Ventos demonstrates BP’s long-term commitment to Brazil and our focus on the energy transition, ”said Felipe Quaresma, BP’s head of power generation.
BP and Casa dos Ventos did not mention the volumes involved in the transaction announced Monday.
The Casa dos Ventos wind farm in Rio Grande do Norte will have an installed capacity of more than 1 gigawatt, according to the company.
The developer had already announced contracts for the sale of wind power to companies such as Braskem, Tivit and Anglo American, among others.