EN 
PT_BR 
A Hydro Rein and the Green Investment Group, from Macquarie Asset Management, formed a joint venture to build and operate the Feijão project, an associated project of 586 MW wind and solar power in the northeast of Brazil
The project will supply electricity to the bauxite mine in Hydro Paragominas and will further reduce the world's carbon emissions Hydro Alunorte, the company's alumina refinery, allowing the installation of new electric boilers.
Alunorte and Paragominas signed PPAs long-term (purchase of energy) in dollars with the Feijão wind and solar farm hybrid project under a self-production structure, making the project viable as the main consumers. The project will be an important enabler to achieve Hydro's global target of reducing 30% of CO2 by 2030.
The hybrid wind and solar project is located in the states of Piauí and Pernambuco and will be built in one of the largest clusters of wind farms in Latin America. In the first phase, 80 turbines with a combined capacity of 456 MW will be built, with the option to develop up to 130 MW of solar energy production in the second phase.
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The final investment decision for the wind farm is expected in the fourth quarter of 2022, while an investment decision for the solar project will be made at a later stage.
“We are very pleased to participate in the development of more renewable energy in Brazil together with the Green Investment Group. This project is an important milestone in Alunorte’s decarbonization efforts and an important milestone for Hydro Rein to develop its portfolio of assets in Brazil,” he stated Olivier Girardot, Head of Hydro Rein.
Total capital expenditure for the wind farm is estimated at US$ 700 million. Hydro Rein's shareholding will be 49.9%, with the remaining 50.1% held by Macquarie Green Investment Group Renewable Energy Fund 2.
“Brazil has vast potential for wind development, and we are delighted to partner with Hydro on this advanced-stage project. Hydro's experience in the Brazilian energy market and regional presence, combined with our global expertise in wind energy and infrastructure, create a strong partnership that can boost Brazil's supply chain and the region's ambitions to engage with the wind opportunity global,” he said. Mark Dooley, Global Head of the Green Investment Group.
