A neoenergy and the Spanish company Carbon2Nature, a specialist in nature-based solution projects, announced the approval of the creation of a joint venture Carbon2Nature Brazil for generation of carbon credits.
A Carbon2Nature is controlled by the Spanish group Iberdrola, of which Neoenergia is also part. According to the companies, the joint venture was created with the aim of implementing reforestation projects for deforested areas, through replanting, forest management and control and safety monitoring.
It is also planned to rehabilitation and conservation of mangroves in the country, generating carbon credits and promoting sustainable development.
The estimate for the coming years is to capture more than 10 million tons of CO2, considering a tree density of 15 million trees spread over more than 19 thousand hectares.
“The investment in Carbon2Nature Brasil is aligned with the company's strategy of expanding its operations as a supplier of decarbonization solutions and facilitator of energy transition. Furthermore, we are contributing to achieving our ESG goals,” he stated Eduardo Capelastegui, CEO of Neoenergia.
Neoenergia will have a 49% stake in a joint venture, and the company will be controlled by Carbon2Nature with 51%. Carbon2Nature has been in activity since May of last year.
In addition to Brazil, the company has projects under development in Spain and is expanding its operations to other countries such as Colombia, Mexico and Chile.
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