Brazil Eletrosul gets USD 4.7m for wind, solar studies

Oct 13, 2014 - Brazilian power utility Eletrosul, a subsidiary of federal holding Eletrobras (BVMF:ELET6), has obtained BRL 11.3 million (USD 4.7m/EUR 3.7m) from local governmental agency Finep to finance wind and solar power prospecting in the company's areas of operation.

In a press release today, Eletrosul said that some of the studies are already under way and that it expects to receive the funds as of this month, along with additional financing for transmission projects.

In April, the company concluded the installation of six stations able to identify both photovoltaic and solar thermal potential in Rio Grande do Sul, Mato Grosso do Sul and Rondonia states. The studies are taking place near Eletrosul's Conversora Uruguaiana transmission station, Passo Sao Joao and Sao Domingos hydro plants, as well as Dourados, Anastacio and Porto Velho substations.

(BRL 1 = USD 0.418/EUR 0.329)

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