Pan American Energy LLC (PAE), the Argentina-based oil and gas company, has inaugurated its inaugural wind power project in Brazil with the unveiling of the Novo Horizonte Wind Complex in Bahia state.
This venture represents a significant investment of BRL 3 billion (USD 530.7m/EUR 493.3m), as announced by the local state government on Wednesday.
Comprising ten wind parks spread across six municipalities, the complex boasts 94 turbines capable of generating 2 million MWh annually. This output is sufficient to meet the energy needs of approximately 1 million Brazilian households.
Bahia's government highlighted the growing prominence of renewable energy in the region, noting the operation of 331 renewable energy facilities currently supplying power to 18.4 million local homes.
The significance of local wind energy was underscored by the production of 2.4 GWh in the previous month alone.
PAE's entry into Brazil's renewable sector reflects broader industry trends towards expanding renewable energy infrastructure to meet growing energy demands sustainably.
