Lisarb Energy has entered the wind market by signing a 97MW power purchase agreement (PPA) with Tradener, one of the largest energy trading companies in Brazil.
Under the agreement, Lisarb will deliver the electricity from a wind farm currently under development in Rio Grande do Norte.
The wind farm will be commissioned in summer 2023 and will deliver energy for the PPA from early 2024.
Over the 12-year contract, the project will produce around 4.4 terrawatt-hours of electricity and will prevent the release of an estimated 180,000 tonnes of carbon dioxide a year.
Lisarb Energy will invest BRL244.4m (€38.2m) to deliver the wind farm. The PPA is valued at BRL864m.
Tradener commercial director Jorge Caliari said: "We are working to expand our own sustainable energy projects with nearly 600MW already operating, in development or construction.
"This important deal with Lisarb Energy will help us to reach our goal to supply 1GW of sustainable energy to our customers."
Lisarb Energy chairman Jamie Macdonald-Murray added: “Wind energy has a promising future in Brazil, and we are delighted to be working with Tradener to help deliver clean power to its customers.
"We are proud to be able to offer an end-to-end solution – to develop, build and operate projects that will serve the needs of communities and businesses in a sustainable way."
Lisarb Energy has a rapidly expanding portfolio of renewable energy projects internationally including solar power plant and wind farms in addition to investments in innovative renewable technologies including floating offshore wind and marine energy.
It has recently signed PPA contracts with Raízen, and a number of other corporate clients.