China’s CGN Brazil Energy (CGNBE) has taken a significant step towards establishing a wind and solar power generation complex in the backlands of Bahia, Brazil. The company signed a memorandum of understanding with Quinto Energy to develop a massive 14 GW capacity facility that aims to produce green hydrogen on a large scale.
CGNBE, a subsidiary of CGN Energy International Holdings, inaugurated the Tanque Novo Wind Complex, its second-largest project in Brazil, on Tuesday. With an investment of R$ 1.15 billion, this project signifies the company’s commitment to renewable energy development in the country.
Having entered the Brazilian market in 2019 through the acquisition of Atlantic Energias Renováveis S.A., CGNBE is now actively exploring opportunities in the green hydrogen sector. Quinto Energy, a project developer specializing in large-scale green hydrogen production, sees tremendous potential for H2V (hydrogen-to-vehicle) production in Bahia.
Rafael Cavalcanti, President of Quinto Energy, emphasized Bahia’s advantages for green hydrogen production. With hybrid wind and solar energy sources, interconnected transmission lines, and access to the Petrochemical Pole and Port of Aratu, Bahia is poised to lead the world in green refinery initiatives.
Quinto Energy’s impressive portfolio includes five hybrid complexes, boasting a combined installed capacity of 14 GW. With leases and regularization of 2,800 properties spanning 258,000 hectares across 15 municipalities in Bahia, the company is well-positioned to drive the region’s green hydrogen revolution.
The collaboration between CGNBE and Quinto Energy represents a significant milestone in Brazil’s renewable energy landscape, as the country strives to embrace sustainable solutions and contribute to the global energy transition. The development of large-scale wind and solar power complex, coupled with the production of green hydrogen, aligns with Brazil’s renewable energy goals and showcases the potential for Bahia to become a key player in the emerging green hydrogen economy.