Brazil has allowed four photovoltaic (PV) power facilities with a combined capacity of 112 MW to enter the national Incentive Regime for Infrastructure Development (REIDI) and issue infrastructure debentures.
The total cost of the projects is estimated at about BRL 561 million (USD 142.9m/EUR 121.5m). The schemes also have the status of priority projects which is needed to speed up their implementation.
The Sertao Solar Barreiras I, II, III and IV solar plants will each have a capacity of 28 MW. The cost per project after REIDI is estimated at BRL 140.3 million.
REIDI, launched in 2007, grants tax incentives to companies investing in infrastructure projects within the transport, energy, sanitation and irrigation sectors.