Brazil declares 88 MW of wind plants priority projects
Oct 8, 2014 - Brazil's energy ministry has approved five wind farms of combined 88 MW in Rio Grande do Sul state as priority projects, according to decrees yesterday.
The approval allows federal power utility Eletrosul and its partner Renobrax Energias Renovaveis to raise funds via infrastructure debentures.
The projects Verace 29, 30, 31, 35 and 36 secured off-take contracts at the government's energy auction in November 2013 and will be built in Santa Vitoria do Palmar municipality. The first two plants will have an installed capacity of 20 MW each, while the other three will generate 10 MW, 14 MW and 24 MW, respectively.
Last week the government gave approval for several other wind projects of the two companies for a total 80 MW.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.