Equinor has completed the acquisition of the ready-to-build Esquina do Vento onshore wind complex from Vestas, marking a significant step in expanding its presence in Brazil’s renewable energy sector. The 230MW wind project comprises 51 turbines and is located in the state of Rio Grande do Norte. Through this transaction, Equinor is reinforcing its integrated power portfolio in one of its core growth markets while broadening its overall energy offering. The 230MW wind project has been acquired via Equinor’s fully owned subsidiary Rio Energy, aligning with the company’s strategy to develop market-driven, multi-technology energy portfolios.
The addition of the 230MW wind project supports Equinor’s approach of combining renewable generation with operational expertise and energy trading capabilities to enhance value creation. The Esquina do Vento complex is expected to deliver double digit project returns, further strengthening the company’s onshore renewables footprint in Brazil. Equinor maintains a long-standing presence in Brazil, with activities spanning oil and gas, renewables, and power trading. Development and operations will be handled by Rio Energy, which serves as Equinor’s primary platform for expanding its onshore renewable assets in the country. The project also reflects the company’s broader strategy of integrating wind and solar assets within the same market to reduce intermittency, improve grid efficiency, and optimize portfolio performance.
Onshore renewables, alongside battery energy storage systems, form a central pillar of Equinor’s long-term power strategy, offering scalability and competitive generation. The 230MW wind project adds momentum to these efforts by contributing to a diversified and resilient energy mix. Power generated from Equinor’s onshore assets in Brazil will be traded in the local market through Danske Commodities, the company’s wholly owned energy trading arm, enabling efficient market participation and value optimization.
“Brazil is a core market for Equinor, and Esquina do Vento strengthens our long-term commitment to building a robust and competitive power business in the country through our subsidiary, Rio Energy. By investing in this renewable complex, we are expanding our energy offering and future opportunities for integration and trading across assets and energy sources. This integrated approach supports Brazil’s growing demand for reliable, renewable energy while creating long-term value locally,” says Veronica Coelho, senior vice president and country manager for Equinor Brazil.
