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CGN signs agreement with Quinto Energy

Published by , Editorial Assistant
Global Hydrogen Review,

The Chinese giant, CGN Brazil Energy, has signed a Memorandum of Understanding (MoU) with the Brazilian company, Quinto Energy, aiming at the implementation of a mega complex of wind and solar energy, in the interior of Bahia, Brazil, with a focus on the production of green hydrogen on a large-scale.

The cooperation agreement was signed by the companies on 30 May 2023, in the presence of Governor Jerônimo Rodrigues, at Senai Cimatec, at the same ceremony where the Tanque Novo Wind Complex was inaugurated, the second largest CGN project in Brazil, whose investment was R$1.15 billion.

The partnership with Quinto, which aims to set up wind and solar parks with an installed capacity of 14 GW, signals CGN's expansion in Brazil.

“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 projects we've seen on the market. We strongly believe in the project and in the concept being implemented by Quinto Energy,” says CGN Brazil Energy's Business Development Director, André Martini.

CEO of Quinto, Rafael Cavalcanti, highlighted the power of the partnership: “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”, said the CEO of Quinto Energy, Rafael Cavalcanti.

Also present at the event were the executive secretary of the Ministry of Mines and Energy, Efrain da Cruz, the Chinese ambassador to Brazil, Zhu Qingqiao, and the president of ABEEólica (Brazilian Wind Energy Association), Elbia Gannoum.

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