Norwegian renewable energy group Statkraft has taken a final investment decision on Gran Sul, a 280 MW onshore wind project in the state of Rio Grande do Sul, Brazil. The move strengthens the company’s renewable energy portfolio in one of its key international growth markets and adds new generating capacity to the Brazilian electricity system.

The project is located in Santa Vitória do Palmar, an area with strong wind resources in southern Brazil. It has been developed over several years and has completed the necessary technical, environmental and regulatory processes. With the investment decision now taken, Gran Sul moves into its execution phase, with construction scheduled to begin in January 2027.

Strengthening Statkraft’s position in Brazil

The investment reinforces Statkraft’s standing as a significant player across hydropower, wind power and solar power in Brazil, one of the company’s most important international markets.

“Brazil is an important market for Statkraft. Gran Sul fits well with our strategy to build scale in selected markets and develop a competitive renewable energy portfolio,” said Fernando de Lapuerta, Executive Vice President International at Statkraft. “In Brazil, we combine hydropower, wind power and solar power to deliver reliable and competitive energy solutions that support the energy transition.”

Thiago Tomazzoli, Country Manager Brazil at Statkraft, said the decision reflected the company’s confidence in the market. “Gran Sul is an important step in Statkraft’s growth strategy in Brazil. The investment decision reflects our confidence in the Brazilian market and helps utilize the good wind resources in the country. The project will contribute to a more secure, competitive and sustainable power system,” he said.

Regional value creation

Gran Sul joins a fast-growing fleet of large-scale wind developments in Brazil, from the south to the northeast — including ENGIE’s 846 MW Serra do Assuruá complex in Bahia, Latin America’s largest, which reached full operation in December 2025.

Project Factsheet: Gran Sul Wind Project

Developer / Owner: Statkraft

Project type: Onshore wind farm

Capacity: 280 MW

Location: Santa Vitória do Palmar, Rio Grande do Sul, Brazil

Status: Final investment decision taken (July 2026); moving into execution phase

Construction start: January 2027

Significance: Adds new renewable capacity to the Brazilian grid and strengthens Statkraft’s wind portfolio in a key growth market

Statkraft in Brazil

• Statkraft has been present in Brazil since 2008 and today employs more than 300 people in the country.
• Brazil is one of Statkraft’s key international growth markets for renewable power generation and energy trading.
• The company operates 16 hydropower plants, 33 wind farms and 12 solar power plants in operation or under construction in Brazil.
• Total installed capacity exceeds 2,400 MW across hydropower, wind and solar.
• Following the acquisition of Enerfin in 2023, Statkraft is among the ten largest wind power producers in Brazil.
• Its largest wind asset in Brazil is the Santa Eugênia complex in Bahia — 519 MW across 14 wind farms and 91 turbines.
• Brazil is Statkraft’s second-largest power generation market after Norway, with annual generation of approximately 5.9 TWh.