Brazil okays 90 MW of PV plants to enter special scheme
Solar modules near garden. Featured Image: Jim Parkin/Shutterstock.com
Brazil's Ministry of Mines and Energy allowed three solar energy plants, each of 30 MW in Paraiba state, to enter the national Incentive Regime for Infrastructure Development (REIDI).
The total cost of the Coremas I, II and III photovoltaic (PV) parks is estimated at more than BRL 424.2 million (USD 136.8m/EUR 126.6m).
While all the plants started construction in February 2, 2017, each has a different completion deadline. Coremas II is the first one to become operational, with commissioning slated for August 1, 2017. Coremas I should come online by October 1, 2017. Coremas III, on the other hand, is expected by November 1, 2018.
The solar plants are part of the 210-MW Coremas Solar Complex, being developed by local renewable firm Rio Alto and comprised of seven PV parks.
REIDI, launched in 2007, grants tax incentives to companies investing in infrastructure projects within the transport, energy, sanitation and irrigation sectors.