CGN Brazil Energy and Quinto Energy will develop a complex to produce green hydrogen power by wind and solar energy in Bahia, Brazil.
Under a memorandum of understanding signed by the two companies, the complex will establish wind and solar parks with an installed capacity of 14GW.
“We’ve been in contact with Quinto for a long time, but recently we’ve been studying some hydrogen and ammonia projects, and we consider them to be one of the most consistent we’ve seen on the market. We strongly believe in the project and in the concept being implemented by Quinto Energy,” said CGN Brazil Energy’s business development director Andre Martini.
Chief executive of Quinto Rafael Cavalcanti added: “We have a very strong synergy with CGN, which sees Bahia’s potential for the production of green hydrogen on a large scale.
“Bahia is the future of renewable fuels. In its different forms, with a hybrid source of wind and solar energy, interconnected transmission lines, petrochemical complex connected to the Port of Aratu, Bahia will lead the process of green refineries in the world.”