New debentures decree in Brazil to help add 36 GW of renewables by 2030

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

June 9 (Renewables Now) - Brazil's Ministry of Mines and Energy (MME) expects that in the next 10 years, roughly 36,000 MW of renewable energy capacity will be implemented thanks to a new protocol for the issuance of green debentures.

The 10,387 decree, published last week, creates new mechanisms for the issuance of debentures in order to finance infrastructure projects that provide relevant environmental or social benefits for the country, the ministry stated.

MME foresees that the green debentures will generate investments of more than BRL 170 billion (USD 35.2bn/EUR 31.2bn) by 2029. It estimates that around 3,000 MW of small hydropower plants will be implemented along with more than 25,000 MW of wind farms and over 8,000 MW of solar photovoltaic (PV) plants.

In addition to the above mentioned energy sources, the government plans to develop plants powered by solid urban waste as Brazil currently has 2,500 large-scale dumps.

(BRL 1 = USD 0.207/EUR 0.183)

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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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