Statkraft launches 340 MWp of solar and hybrid projects in Brazil

Statkraft strengthens its presence in Brazil with three new solar and hybrid plants representing an investment of NOK2.3bn ($211mn), consolidating its strategy in a fast-growing energy market.

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Norwegian producer Statkraft has announced the commissioning of three new solar and hybrid power plants in northeastern Brazil, during the COP30 conference in Belém. These new facilities are part of a targeted expansion strategy focused on emerging markets with strong renewable potential, leveraging what are considered some of the world’s best solar and wind resources.

Strategic investments in the Northeast

The inaugurated projects include the Morro do Cruzeiro Solar (76 MWp) and Santa Eugênia Solar (198 MWp) plants, both located in the state of Bahia, as well as the Serrita solar plant (69 MWp) in the state of Pernambuco, set to be commissioned later this year. Together, they represent a total capacity of 340 MWp for an estimated annual production of 789 GWh.

According to data released by the company, these projects account for 5% of the new solar capacity added in Brazil in 2025. They are expected to avoid 111,000 tons of CO2 emissions annually. Including existing wind power assets, Statkraft’s combined production in Brazil will reach 3,400 GWh per year.

Strengthening Statkraft’s position in Brazil

With these new facilities, Statkraft’s total portfolio in Brazil now stands at 2.3 GW, positioning it among the leading renewable operators in the country. The company relies on a technological mix including solar, wind, and battery storage to mitigate the intermittency of production and ensure grid stability.

This technological diversification addresses challenges related to the variability of renewable energy sources, especially in a region facing structural constraints in energy distribution and access. Statkraft reports that the projects have also generated local employment, supported infrastructure development, and launched vocational training programmes.

An international strategy focused on high-growth markets

The Norwegian group continues its international rollout in a context where Brazil, already one of the largest producers of renewable electricity, remains a magnet for foreign investment in the sector. Statkraft’s installed capacity in the country reflects its intention to hold a strategic position in resource-rich regions.

The company states that its projects align with its global energy transition forecasts, which suggest that maintaining the current pace could limit global warming to around 2.4 degrees. Statkraft believes that the solar-battery-wind combination is currently the fastest and most economically viable approach to reducing global emissions.

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