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Brazil greenlights 142 MW of renewables to enter REIDI scheme

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

February 1 (Renewables Now) - Brazil has allowed six green power facilities with a combined capacity of 141.9 MW to enter the national Incentive Regime for Infrastructure Development (REIDI) and issue infrastructure debentures.

With the permits, the total cost of the projects is estimated at about BRL 688.2 million (USD 188.7m/EUR 164.5m). The schemes also have the status of priority projects which is needed to speed up their implementation.

More details on the projects are available in the table below.

Name Source Capacity Cost after REIDI State
Serra da Babilonia A Wind 18.8 MW BRL 63.5m Bahia
Serra da Babilonia C 23.5 MW BRL 79.3m
Serra da Babilonia E 25.8 MW BRL 87.3m
Serra da Babilonia F 16.4 MW BRL 55.5m
Jerulasem I 29.4 MW BRL 151.8m Rio Grande do Norte
Lucia Cherobim Hydro 28 MW BRL 251m Parana

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 0.24)

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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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