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CCR Group and Neoenergia sign wind power self-production contract in the Northeast
The agreement is part of the CCR Group's commitment to have 100% of its
its assets supplied by renewable sources of electricity by 2025
CCR Group and Neoenergia, leading companies in their markets, have signed an agreement under which the mobility infrastructure company will become a partner in three plants at the Neoenergia Oitis wind farm complex, located in Piauí. This is CCR Group's first self-production project and includes access to the energy produced by the Oitis 2, Oitis 4 and Oitis 6 plants. The energy generated by the wind farms will meet 60% of the company's current demand.
The agreement is part of CCR Group's commitment to have 100% of its assets supplied by renewable energy sources by 2025, an objective that was achieved this year with a strategy that included the migration of assets to the free market, the purchase of IRECs and investments in distributed solar generation. The partnership with Neoenergia will support the fulfillment of this goal in the coming years. In addition to promoting access to clean energy, the deal mitigates CCR's exposure to risks related to price fluctuations in the free energy market.
"CCR Group is currently one of the 50 largest consumers of electricity in the country and we see investments in renewable sources as a fundamental pillar in our strategy to reduce the carbon footprint of our operations, leading the sustainability agenda in Brazil's mobility infrastructure sector.Having a partner as solid as Neoenergia helps bring reliability and credibility to our decarbonization and sustainability journey," says Pedro Sutter, Vice President of Sustainability, Risk and Compliance at CCR Group.
Neoenergia believes that the electrification of the economy is a path of no return for the decarbonization process in Brazil and worldwide. Generating renewable energy is in the company's DNA, and this operation reinforces its commitment to ESG objectives.
"CCR Group is a benchmark in mobility and this partnership supports the company's decarbonization journey, through the association of two leading brands towards the energy transition. In addition to cost predictability for CCR, from Neoenergia's perspective, it guarantees us long-term revenue stability with adequate profitability.This strategy reinforces the company's commitment to investments in renewable generation and meets our strategy of driving a cleaner and more efficient energy future for all," says Hugo Nunes, executive director of Neoenergia's Liberalized Businesses.
Neoenergia Oitis is a wind farm complex made up of 12 farms, located between the states of Piauí and Bahia, with 103 wind turbines of 5.5 MW each, totaling an installed capacity of 566.5 MW, enough to supply a city of 2.7 million inhabitants.
The closing of the operation is subject to approval by the competent bodies.
CCR Group's carbon neutrality
The commitment to carbon neutrality is part of CCR Group's Ambition 2035. In this long-term vision, the company's ESG activities are organized into five pillars, one of which is reducing the environmental footprint and climate risk. The company recently made its first carbon credit purchase, acquiring 67,000 tons of credits generated by PSA Carbonflor, a methodology applied at Legado das Águas, the largest private Atlantic Forest reserve in the country, managed by Reservas Votorantim.
In 2023, the Company was the first company in Brazil's mobility infrastructure sector to have its SBTi targets approved, committing to a 59% reduction in scope 1 and 2 CO2 emissions and a 27% reduction in scope 3 emissions by 2033, compared to the 2019 base year. This year, taking a step further, it was the first to commit to carbon neutrality for scopes 1 and 2 by 2035.
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