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Brazil okays 160 MW of renewables to enter special scheme, issue debentures

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

June 8 (Renewables Now) - Brazil has allowed six green power facilities with a combined capacity of 160.55 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 836 million (USD 218m/EUR 186m). 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 Type Capacity Cost after REIDI State
Central Eolica Aventura II Wind 21 MW BRL 112.7m Rio Grande do Norte
Central Eolica Aventura IV 26.25 MW BRL 140.3m
Central Eolica Aventura V 27.30 MW BRL 144.9m
Vila Paraiba I 32 MW BRL 162.1m
Sao Goncalo I Solar 30 MW BRL 221.1m Piaui
Tupitinga Small hydro 24 MW BRL 54.7m Santa Catarina

REIDI, launched in 2007, grants tax incentives to companies investing in infrastructure projects within the transport, energy, sanitation and irrigation sectors.

(BRL 1 = USD 0.26/EUR 0.22)

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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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