Qair signs PPA with Ultragaz for 192 MW Bom Jardim solar project in Ceará

Qair has signed a power purchase agreement with Ultragaz for the 192 MW Bom Jardim solar project in Icó, Ceará. The fully commissioned facility will supply 131.5 GWh annually to Brazil's largest LPG distributor, demonstrating flexible PPA structures in the country's evolving renewable energy market.

Qair, an independent renewable energy company, has signed a power purchase agreement with Ultragaz for the Bom Jardim solar project in Icó, Ceará, according to an official announcement. The 192 MW facility, fully commissioned in 2026, will supply 131.5 GWh of renewable electricity annually to Ultragaz, Brazil's largest LPG distributor. Qair develops and operates renewable energy projects across multiple markets, with a focus on tailored power purchase arrangements.

Ultragaz is a subsidiary of Ultrapar, a Brazilian conglomerate with operations in LPG distribution and logistics. The Bom Jardim project was selected for its robust grid infrastructure and location in Ceará, a state with growing renewable energy capacity. This development matters for Brazil's renewable energy sector, where corporate PPAs are increasingly structuring the off-take landscape as the market matures beyond regulated auctions. Flexible contract structures allow industrial consumers to secure long-term renewable supply while enabling developers to manage merchant market exposure. For the renewable energy industry, the agreement demonstrates how independent power producers can align with distribution-focused companies seeking to decarbonise operations.

Stakeholders including corporate energy buyers, project developers, and grid operators stand to benefit from continued diversification of Brazil's energy mix. The deal also highlights Ceará's emergence as a renewable energy hub in Northeast Brazil, a region with high solar irradiation and transmission infrastructure development.