Brazil energy min declares more four wind parks priority projects
Dec 28, 2012 - Brazil's Mines and Energy Ministry has approved as priority projects the Cerro Chato IV, V and VI and Ibirapuita I wind power parks, local energy news provider Canal Energia said yesterday citing a publication in the State Gazette.
The facilities, with capacity of 10 MW, 12 MW, 24 MW and 24 MW respectively, are under construction in southernmost Rio Grande do Sul state and make part of the Livramento wind complex.
The fifth park of the complex, the 8-MW Cerro dos Trindade, was the first wind project to receive priority status earlier this month under newly-introduced government regulation on the matter. The regulation states that wind, biomass, solar and nuclear power projects, besides industrial equipment, may be considered priority undertakings if identified as essential for the country's economic development. As such, the ventures are authorised to raise funds through the issue of infrastructure debentures which feature some tax incentives.
The Livramento complex is being built and will be operated by a special purpose entity (SPE), in which local state utility Eletrosul has 49%, Rio Bravo Investimentos fund holds 41% and Eletrosul's social security fund owns the remaining 10%.