Engie Brasil Energia SA has announced the commissioning its 97.2 MW wind complex in Ceara State, Brazil.
The complex, named Complexo Eolico Santa Monica, is comprised of four wind farms located in the municipality of Trairi. Representing a total investment of BRL460 million (US$148.3 million), the project comprises 36 up and running wind turbines generating enough power to supply energy demands of 170,000 households.
The project is the second large-scale wind complex built by Engie in the state with a total installed capacity of 10,212 MW in the country of which 90% comes from renewable sources. The complex is also registered in the Clean Development Mechanism (CDM) of the UN, so it will generate credits for the avoidance of more than 200,000 tonnes of carbon dioxide per year.
Engie is committed to responsible growth of its businesses (power, natural gas and energy services) in response to the central challenges of the energy transition towards a low-carbon economy: providing access to sustainably generated energy, combating climate change, reducing its effect and making responsible use of natural resources.
The Brazilian Development Bank (BNDES) through its investment subsidiary BNDESPAR has selected Vinci Partners to manage its BRL-500 million (US$162.9 million) sustainable energy fund.
Read moreA federal court suspended the operating license for Brazil's 11.2 GW Belo Monte hydroelectric plant following allegations that the project's owners did not meet environmental requirements.
Read moreRio Energy, a developer, owner and operator of renewable energy projects in Brazil, formed by energy-focused global private equity firm Denham Capital, has signed financing agreements with the National Bank for Economic and Social Development (BNDES) in Brazil, in the amount of BRL848 million (US$272 million), for the construction of eight wind farms in the Serra da Babilônia Complex.
Read moreCanadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
Read moreThe National Bank for Economic and Social Development (BNDES) has approved a total of BRL1.065 billion (US$342 million) in financing for the construction of eight wind farms in the state of Bahia, and four wind farms, located in Ceara state.
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