Brazil allows 120 MW of solar projects to issue debentures
Solar modules. Author: Marco Bellucci. License: Creative Commons, Attribution 2.0 Generic
The Brazilian Ministry of Mines and Energy has allowed four solar power projects with a combined capacity of 120 MW to issue infrastructure debentures.
With the permits, the schemes now have the status of priority projects which is needed to speed up their implementation, according to decrees published this week by national power sector regulator Aneel.
Located in Ceara state, the Apodi I, II, III and IV solar projects, as they are named, will be completed by November 1, 2018.
With the exception of Apodi I, the other plants have recently been okayed to enter the national Incentive Regime for Infrastructure Development (REIDI). All the projects are part of the 210-MW Apodi solar complex, comprised of seven solar plants of 30 MW each and developed by Brazilian renewable firm Kroma Energia.