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Oil giant Total poised to expand in Brazilian wind power

After investing in solar, French supermajor is close to concluding second acquisition in wind

Total Eren – the renewables arm of oil giant Total – is poised to expand in Brazil’s wind power sector after obtaining approval from the country’s antitrust court for the acquisition of 79MW of projects from French developer Voltalia.

Alongside the likes of Equinor, BP and Shell, French supermajor Total is among a growing number of oil and gas companies that are investing in renewable energy in Brazil.

The acquisition, for an undisclosed sum, means Total Eren will have 171MW in ready-to-build turbine capacity in Brazil.

Petrobras and Total flesh-out Brazilian renewables plans

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Antitrust authority Cade approved the transaction for Total Eren’s acquisition of the Filgueira I and Filgueira II wind projects, which had been fully developed but don’t have power purchase agreements (PPAs) in place yet.

Total also owns the 50MW BJL and the 90MW Dracena solar PV plants in Brazil, which are operational, and at the beginning of the year it bought a majority stake in the 92MW Terra Santa project.

It has signed an agreement with Brazil’s federal power company Petrobras to explore prospects for onshore wind and solar projects, and also has wind interests in neighbouring Argentina.

Both the Santa Teresa and the Filgueira projects are scheduled to start operations in 2020 and 2021.

The Terra Santa project will sell electricity in the non-regulated market to power company Cemig.

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