Ventos Serra do Mel III - STOA, Voltalia

In September 2020, STOA has acquired a 33% equity stake in Ventos Serra do Mel III (VSM 3), Voltalia’s 152 MW greenfield wind farm, located in the state of Rio Grande do Norte, Brazil. This transaction is the outcome of very positive discussions initiated in June 2019 with STOA and is another confirmation of the attractiveness of Voltalia’s assets in the Serra Branca wind-and-solar cluster, the world’s largest. It also highlights Voltalia’s value creation strategy centered around the development of renewable assets. For this new wind plant, currently under construction, Voltalia has secured a 20-year power sale contract with CEMIG, a Brazilian public utility.
The first wind turbines are expected to be completed during Q4 2020 with full operation to be reached in Q2 2021. The expected climate benefits are very significant – around 90,000 tons of equivalent CO2 avoided per year.