Itaipava Arena Pernambuco is a new multi-use stadium in the Western suburbs of the Recife metropolitan area, in São Lourenço da Mata, Brazil, that is currently in the building stages. Once completed, it will be used mostly for football matches and will be used to host matches during the 2014 FIFA World Cup. The stadium will have a capacity of 46,160 people. In 2012 Clube Náutico Capibaribe, one of three professional football clubs in the Recife metro area, signed into agreement to become part owners of the new stadium. Beginning in July 2013, Clube Náutico Capibaribe will play all of their home games at Itaipava Arena Pernambuco.
Construction of the new stadium is being done by Odebrecht Infraestrutura and is being completed in various stages. When fully finished the area around Arena Pernambuco will include a university campus, indoor arena, hotel and convention center, plus commercial, business and residential units and a large entertainment complex with shopping centers, cinemas, bars and restaurants.
A "Green" arena: Odebrecht Energia, in partnership with Neoenergia, is implementing a solar power plant in Pernambuco Arena. With an investment of about $ 13 million, the solar plant will generate 1MW of installed capacity and is part of a program of research and development of solar power in the country. When not filling the stadium, the energy generated by the plant will be able to meet the average consumption of 6,000 people.