Statkraft has announced plans to invest in the Gran Sul onshore wind project, a 280MW development in Santa Vitória do Palmar, in Brazil’s southern state of Rio Grande do Sul.

The investment will expand Statkraft’s renewable energy assets in a market the company considers important for its international growth.

The Gran Sul facility is expected to boost Brazil’s renewable electricity generation and further strengthen Statkraft’s hydropower, wind and solar operations in the country.

The project has been developed over several years during which key technical, environmental and regulatory milestones were completed.

With the investment decision finalised, the Gran Sul project will move into the execution phase, with construction scheduled to begin in January 2027.

Statkraft International executive vice-president Fernando de Lapuerta said: “Brazil is an important market for Statkraft. Gran Sul fits well with our strategy to build scale in selected markets and develop a competitive renewable energy portfolio.

“In Brazil, we combine hydropower, wind power and solar power to deliver reliable and competitive energy solutions that support the energy transition.”

The project is expected to enhance Statkraft’s operations in Rio Grande do Sul and support the local economy by creating jobs, engaging regional suppliers, and through long-term capital investments.

Statkraft Brazil country manager Thiago Tomazzoli said: “Gran Sul is an important step in Statkraft’s growth strategy in Brazil. The investment decision reflects our confidence in the Brazilian market and helps utilise the good wind resources in the country.

“The project will contribute to a more secure, competitive and sustainable power system.”

Statkraft has been operating in Brazil since 2008 and has a portfolio of 16 hydropower plants, 33 wind farms and 12 solar facilities either in operation or under construction. Together, these assets provide more than 2.4GW of installed capacity across all technologies.

In February 2026, the company signed a seven-year agreement with Swedish independent power producer OX2 to manage two large-scale battery energy storage systems with 235MW of capacity in Finland.