Energy Transition Update - Statkraft Expands With Major Wind Project In Brazil

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Statkraft has announced its investment in a 280 MW onshore wind project, Gran Sul, located in Rio Grande do Sul, Brazil. This project marks a significant addition to Statkraft’s renewable energy endeavors in a key international growth market. Boasting robust wind resources in southern Brazil, the Gran Sul project will contribute to the country's electricity grid and support the energy transition by expanding the company's presence in hydropower, wind, and solar power. The project has completed all necessary technical, environmental, and regulatory processes, with construction set to commence in January 2027. This development underscores Statkraft's strategy to enhance its renewable energy footprint and underscores the company's commitment to sustainable energy solutions in Brazil.

In other market news, Jiangsu Leadmicro Nano-Equipment Technology (SHSE:688147) was a notable mover up 11% and ending the day at CN¥157.00. Meanwhile, China Resources New Energy Holdings (SZSE:001248) trailed, down 8.5% to end the day at CN¥14.78, close to the 52-week low.

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  • Equinor (OB:EQNR) finished trading at NOK336.30 up 3.1%.
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  • Tesla (NasdaqGS:TSLA) closed at $394.06 down 2.2%.

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