Weekly renewables M&A round-up (Sep 9-13)
Sep 13, 2024 17:19 CESTBrazilian energy company CPFL Energia (BVMF:CPFE3) announced on Thursday that it plans a green hydrogen pilot project in the state of Rio Grande do Norte in partnership with cement producer Mizu Cimentos.
The team-up with Mizu Cimentos, a subsidiary of Organizacao Polimix, aligns with the CPFL Group's ESG commitment to invest BRL 44 million (USD 7.9m/EUR 7.1m) in a more sustainable matrix.
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Scheduled to commence operations in 2027, the planned green hydrogen production facility will feed its output to Mizu Cimentos' factory in Barauna municipality. The partnership will also contribute to certain market studies.
CPFL noted that the pilot facility will go through a six-month monitoring period to measure the real impact of green hydrogen on reducing carbon dioxide (CO2) emissions, which the company estimates could reach 12.5 tonnes per year.
(BRL 1.0 = USD 0.181/EUR 0.163)
Weekly renewables M&A round-up (Sep 9-13)
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