Brazil includes 23-MW wind plant in incentive regime
Jul 11, 2014 - Brazil's energy ministry yesterday decided to include the 23-MW Cabo Verde wind power project in Rio Grande do Sul state in the national Incentive Regime for Infrastructure Development REIDI.
The project will be developed by Ventos do Quintao Energia in Palmares do Sul municipality, with an investment of BRL 93.7 million (USD 42.1m/EUR 31m). The plant will consist of 2.3-MW wind turbines that should be installed by November 2015.
The project includes a transmission system, shared with other wind farms, to connect Cabo Verde to nearby installations of grid operator Transmissora de Energia Sul Brasil.
REIDI grants tax incentives to investors in infrastructure projects in the transport, port, 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.