Norway's Statkraft to invest nearly R$2.5 billion in a wind farm in Brazil's far south

Summary written by the Panorama newsroom from the sources listed below. Facts are attributed to the original publications.

Norwegian company Statkraft will build a new wind complex in Rio Grande do Sul state, with planned investment of nearly R$2.5 billion (Brazilian reais), g1 reported. Named Gran Sul, the onshore project will be located in Santa Vitória do Palmar, in the state's far south, and will have 440 megawatts (MW) of installed capacity.

Construction is expected to begin in January 2027 and last three years, in two phases. The first, with investment of about R$1.5 billion, will add 280 MW; the second will add another 160 MW, with nearly R$1 billion. According to the company, the municipality has high potential for wind generation, and the farm should contribute to the region's development.

In a statement, Statkraft Brazil president Thiago Tomazzoli said the approval of the investment shows the company's confidence in the potential of Brazilian wind power.

Statkraft, described by g1 as Europe's largest renewable energy generator, already has assets in Brazil totaling 2.3 gigawatts of installed capacity, including operations and projects under construction. In Rio Grande do Sul, it has controlled the Osório Wind Complex, on the state's northern coast, since 2024, with 148 turbines and 317.9 MW, as well as the Palmares Wind Complex, with four farms and 57.5 MW.

Rio Grande do Sul was Brazil's fifth-largest wind power producer in 2025, generating 5.4 terawatt-hours, according to the Brazilian Wind Energy and New Technologies Association (ABEEólica). Between 2020 and 2025, Brazil doubled its installed wind capacity, from about 17,700 MW to nearly 36,000 MW, reaching fifth place in the world ranking for onshore wind, behind China, the United States, Germany and India.