Brazil okays 96 MW of Voltalia's winning projects from Oct 18 auction

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February 12 (Renewables Now) - Brazil's power sector regulator Aneel approved on Monday 96 MW of winning schemes owned by French renewables company Voltalia SA (EPA:VLTSA) and secured at the A-6 tender held on October 18, 2019.

Voltalia Energia do Brasil Ltda, the local unit of the European company, will build two new solar parks -- Serra do Mel I (60 MW) and Serra do Mel II (20 MW) -- in Rio Grande do Norte state and the 16-MW Cabui small hydropower plant (HPP) in Minas Gerais.

The tender awarded contracts for plants relying on wind, biomass, hydro and natural gas, with power purchase agreements (PPA) scheduled to commence on January 1, 2025.

Together, the three renewable projects by Voltalia require investments of roughly BRL 450 million (USD 103.7m/EUR 95m), according to data from the Power Trading Chamber (CCEE).

Aneel has now approved 74 schemes from a total of 91 wining projects. The approval from the remaining 17 schemes is still under analyses due to pending documentation.

(BRL 1 = USD 0.230/EUR 0.211)

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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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