Latest News

Brazil Power Co gets approval for data center with TikTok interested

Casa dos Ventos, a wind farm developer in Brazil's northeast, has received regulatory approval for a 300 megawatt project. The company had been discussing an investment of a large data center with TikTok owner.

Casa dos Ventos reported on Friday that the Brazilian national grid operator (ONS), has given the green light for the project to be connected at the Pecem Port Complex in Ceara. Casa dos Ventos said that the total investment for infrastructure and equipment in the data centers will be 50 billion reais (8.7 billion dollars).

A person with knowledge of the negotiations stated that the ONS approval would speed up the talks with major tech companies, including ByteDance - the Chinese parent company for TikTok. First reported last month, the Chinese company is eyeing a major Brazilian investment with Casa dos Ventos. Casa dos Ventos has partnered with TotalEnergies in 2022 on its wind energy portfolio.

(source: Reuters)