Brazil allows 89 MW of green projects to enter incentives scheme
Solar photovoltaic plant in Brazil
Brazil's Ministry of Mines and Energy has allowed four renewable energy projects with a combined capacity of 89.2 MW to enter the national Incentive Regime for Infrastructure Development (REIDI).
The total cost of the projects is estimated at some BRL 396.21 billion (USD 101.92m/EUR 91.61m). More details are available in the table below.
Cost in million
Jaiba 3 & 4
2 x 29.94 MW
2 x BRL 147.33
Mini hydro (CGH)
Serra da Babilonia B
The Jaiba 3 and 4 photovoltaic (PV) projects are expected to be completed by December 7, 2021. The Rio Chalana and the Serra da Babilonia B plants, are seen to become operational by December 30, 2019 and November 30, 2020, respectively.
REIDI, launched in 2007, grants tax incentives to companies investing in infrastructure projects within the transport, energy, sanitation and irrigation sectors.