Equinor has acquired the ready-to-build 230-MW Esquina do Vento onshore wind complex from Vestas in Brazil. The 51-turbine complex is in the state of Rio Grande do Norte.
The acquisition, conducted by Equinor’s fully owned subsidiary Rio Energy, supports Equinor’s power strategy to build market-driven, multitechnology portfolios. Equinor said it expects the complex to deliver double-digit project returns as part of a portfolio that combines renewable power generation, operational capabilities, and energy trading.
“Brazil is a key market for Equinor’s long-term growth,” said Helge Haugane, executive vice president for power in Equinor. “We have a solid and diversified portfolio of oil and natural gas in the country. With this acquisition, we are expanding in renewable energy and strengthening our integrated power portfolio, where wind, solar, and trading work together to deliver competitive and reliable power.”
Equinor said that onshore renewables and battery energy storage systems together constitute a core building block in its power strategy. The company said it plans to develop and operate the complex through its Rio Energy subsidiary.
“We are ready to build the Esquina do Vento complex that comprises 51 Vestas wind turbines and will add around 230 MW of installed capacity in Rio Grande do Norte,” said Roberto Colindres, CEO of Rio Energy. “With potential annual generation of about 1 TW-hr, the complex represents a substantial addition to wind power production in the region. Together with Serra da Babilônia, our 363-MW hybrid wind/solar complex in Bahia, Esquina do Vento increases Rio Energy’s onshore wind footprint and reinforces a strong operational platform for long-term renewable energy delivery in Brazil.”
Equinor said that power produced from its onshore assets in Brazil will be traded in the local power market by Danske Commodities, Equinor’s wholly owned energy trading house.
“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,” said Veronica Coelho, senior vice president and country manager for Equinor Brazil. “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.”
The company said it plans to start construction at Esquina do Vento in the second quarter of 2026, with commercial operations planned to begin in 2028.
