Brazil allows 147 MW of wind to enter REIDI scheme

Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic

January 21 (Renewables Now) - Brazil has allowed five wind power projects with a combined capacity of 147 MW to enter the national Incentive Regime for Infrastructure Development (REIDI) and issue infrastructure debentures.

The schemes also have the status of priority projects which is needed to speed up their implementation.

Each of the wind farms in the Brazilian state of Bahia -- Ventos de Sao Januario 03, 05, 06, 10 and 11 -- has a capacity of 29.4 MW. The combined investment in the projects is estimated at over BRL 618.65 million (USD 164.78m/EUR 144.92m). Their cost after REIDI is of BRL 123.73 million per project, with an execution period from January 1, 2023 to January 1, 2024.

REIDI, launched in 2007, grants tax incentives to companies investing in infrastructure projects within the transport, energy, sanitation and irrigation sectors.

(BRL 1 = USD 0.27/EUR 0.23)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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