4 days ago
Brazil power co gets OK for data center project with TikTok interest
SAO PAULO, May 30 (Reuters) - Wind farm developer Casa dos Ventos has regulatory approval to move ahead with a 300-megawatt project in northeast Brazil where the company has been discussing a major data center investment with the owner of TikTok.
Brazil's national power grid operator (ONS) gave the green light to connect the project at the Pecém port complex in Ceará, Casa dos Ventos told Reuters on Friday. The total investment in infrastructure and equipment for the data centers is expected to reach 50 billion reais ($8.7 billion), the company added.
The ONS approval should speed up talks with major technology companies including ByteDance, the Chinese parent company of TikTok, a person familiar with the negotiations said. Reuters first reported last month that the Chinese company was eyeing a major Brazilian data center investment with Casa dos Ventos, which partnered in 2022 with TotalEnergies ( opens new tab on its wind power portfolio.
($1 = 5.7180 reais)
