BAKU, Azerbaijan, March 24. Norway’s energy
major Equinor has acquired the ready-to-build 230 MW Esquina do
Vento onshore wind project in Brazil from Vestas, marking a further
step in expanding its integrated power business in one of its core
growth markets, Trend reports via the company.


The project, located in the northeastern state of Rio Grande do
Norte, will feature 51 wind turbines and is expected to generate
around 1 TWh of electricity annually.


The transaction was carried out through Equinor’s wholly owned
subsidiary Rio Energy and aligns with the company’s strategy of
building diversified, market-driven power portfolios that combine
renewable generation, operational expertise and energy trading. The
project is anticipated to deliver double-digit returns.


“Brazil is a key market for Equinor’s long-term growth,” said
Helge Haugane, the company’s executive vice president for Power,
noting that the acquisition strengthens Equinor’s integrated
portfolio, where wind, solar and trading capabilities are combined
to deliver reliable and competitive energy.


Onshore renewables and battery storage form a central pillar of
Equinor’s power strategy, offering scalability and cost-efficient
generation. The addition of Esquina do Vento further expands the
company’s onshore footprint in Brazil, where Rio Energy serves as
its main growth platform.


According to Rio Energy CEO Roberto Colindres, the project will
significantly boost regional wind power capacity and complement the
company’s existing assets, including the 363 MW Serra da Babilônia
hybrid wind and solar complex in Bahia.







Equinor said the investment supports its broader approach of
integrating wind and solar assets within the same market to reduce
intermittency, optimize grid use and enhance overall portfolio
value.


Electricity generated by Equinor’s onshore assets in Brazil will
be traded on the local market by Danske Commodities, the company’s
fully owned energy trading arm.


Senior Vice President and Brazil country manager Veronica Coelho
said the acquisition underscores Equinor’s long-term commitment to
building a competitive and resilient power business in Brazil,
while supporting the country’s growing demand for reliable
renewable energy.


Equinor has maintained a strong presence in Brazil for years,
with operations spanning oil and gas, renewables and energy
trading.