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News Release: CGN and Quinto Energy Collaborate on Green Hydrogen Project

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The Chinese giant CGN Brazil Energy 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, with a focus on green hydrogen production.

The cooperation agreement was signed by the companies at Senia Cimatec. This was done in the presence of Governor Jerônimo Rodrigues, 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 aims to set up wind and solar parks with an installed capacity of 14GW, signaling 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 was 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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