Brazil includes 20-MW wind plant in incentive scheme
Oct 31, 2014 - Brazil's energy ministry has agreed to include the 20-MW Verace 29 wind power project in Rio Grande do Sul state into the government's Incentive Regime for Infrastructure Development (REIDI), according to a decree published today.
The plant, comprising ten 2-MW turbines, will be built by Eolica Hermenegildo II SA in Santa Vitoria do Palmar municipality. The period for completion of the plant expires at the end of 2015.
The project is expected to cost BRL 89.4 million (USD 36.6m/EUR 29.2m), excluding taxes.
REIDI, launched in 2007, grants tax incentives to investors in infrastructure projects in the transportation, ports, energy, sanitation and irrigation sectors.
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.