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November 29, 2021

Rio do Vento Expansion Wind Farm, Brazil

By Carmen

Rio do Vento Expansion Wind Farm is a 534.2MW onshore wind power project. It is planned in Rio Grande do Norte, Brazil. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in September 2023.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 534.2 534.2 Permitting Rio Grande do Norte, Brazil Casa dos Ventos Energias Renovaveis

Description

The project is being developed and currently owned by Casa dos Ventos Energias Renovaveis.

Development Status

Post completion of the construction, the project is expected to get commissioned in September 2023.

Contractors Involved

Vestas Wind Systems is expected to render EPC services for the wind power project.

Rio do Vento Expansion Wind Farm (Rio do Vento Expansion Wind Farm – Phase I) will be equipped with Vestas Wind Systems V150-4.2 MW turbines. The phase consists of 29 turbines with 4.3MW nameplate capacity.

Rio do Vento Expansion Wind Farm (Rio do Vento Expansion Wind Farm – Phase II) will be equipped with Vestas Wind Systems V150-4.2 MW turbines. The phase consists of 91 turbines with 4.5MW nameplate capacity.

Vestas Wind Systems is expected to perform operations and maintenance for the wind power project for a period of 20 years.

About Casa dos Ventos Energias Renovaveis

Casa dos Ventos Energias Renovaveis SA (CDV) is a renewable energy service provider. The company develops and constructs renewable energy projects in Brazil. It identifies wind resources available for electric generation and extracting wind energy from them. CDV operates in the prospection and development of the projects and implantation and operation of the generating plants. It also invests in infrastructure including improvement of roads that are used to transport equipment for the construction of the wind farms. The company develops projects in Ceara, Piaui, Rio Grande do Norte, Paraiba, Pernambuco and Bahia. Its project portfolio includes Sao Clemente, Tiangua, and Ventos do Araripe III. It has its operations in Salvador and Fortaleza, Brazil. CDV is headquartered in Sao Paulo, Brazil.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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