March 21 (Renewables Now) - Brazil's Ministry of Mines and Energy announced on Monday that the country has added 729 MW of new wind and solar power capacity through the Avancar Energia programme.
In all, Avancar Energia, which is part of the wider "Time to Move Forward" initiative, supported 1,028 MW of new projects, of which 649 MW are solar and 79.8 MW are wind. The overall investment in these was BRL 3.6 billion (USD 1bn/EUR 890m), according to data up to January 2018.
Since its launch back in November 2017, 44 of the 97 priority projects under the programme have been completed. Avancar also invested BRL 2.2 billion in 5,191 km of transmission lines, including the first ultra-high voltage line of 800 kV in Latin America, the ministry said.
By the end of the year, the government expects some BRL 58 billion to be invested under the programme in electricity generation and transmission projects as well as oil and natural gas resources, the ministry noted.
(BRL 1 = USD 0.30/EUR 0.25)