Qair and Ultragaz have signed a power purchase agreement for the 192MW Bom Jardim solar project in Icó, Ceará.
The companies said the project was fully commissioned earlier this year and will supply 131.5GWh of renewable electricity annually to Ultragaz.
Qair added that the agreement supports Brazil’s ongoing diversification of its renewable energy mix while reinforcing its ability to create value in a dynamic market environment.
The agreement between Qair and Ultragaz sets a new standard for structuring renewable energy contracts to maximise value for stakeholders.
“This agreement marks a significant step in our capacity of leading the energy transition in the Brazilian private sector and also in our collaboration with local partners like Qair,” said Lucas Witzler, energy director for Ultragaz.
“Bom Jardim demonstrates Qair’s ability to combine energy performance and sustainable development,” said Camille Donnadieu, industrial partnerships director for Qair.