The Brazilian Development Bank (BNDES) has approved financing of BRL1.26 billion (US$312.4 million) to Engie's 360 MW phase of Umburanas Wind Complex.
The 360 Mw phase of the Umburanas Wind Power Complex consists of 18 wind farms. The complex is located in the municipalities of Sento Se and Umburanas in Bahia state and is comprised of 144 units of its 2.5-116 turbines. Total investment in the complex is BRL1.6 billion (US$398.8 million), including associated transmission lines. The BNDES loan will cover 78.8% of the total project investment.
The total capacity of Umbrunas complex is 605 MW. It will be the largest wind farm complex in Brazil when it reaches operation.
Country updates
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October 24, 2019
Voltalia wins 48 MW of renewable energy projects in Brazilian tender
Voltalia wins new long-term power purchase agreements in Brazil during the public auctions organized by the national regulator for a 32 MW (solar) and a 16 MW (hydro) capacity. The Solar Serra...
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October 22, 2019
Enel to complete takeover of Eletropaulo through the remaining shares
Enel Brasil, a unit of Enel Group, is set to complete the takeover of the Brazilian distribution company Enel SP, formerly known as Eletropaulo, through the acquisition of the remaining stakes it...
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October 22, 2019
Copel wins auction for the construction of 90.1 MW Jandaira Wind Complex in Rio Grande do Norte
Companhia Paranaense de Energia (COPEL), in consortium with its subsidiary Cutia Empreendimentos Eólicos, has participated in the A-6 new energy generation auction in Brazil, having sold 14.4 a...
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October 18, 2019
Canadian solar awarded 393.7 MWp solar projects in Brazil
Canadian Solar Inc has been awarded three solar photovoltaic (PV) projects totaling 393.7 MWp in two recent Private Corporate Auctions held in Brazil in the third quarter of 2019. Canadian...
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October 17, 2019
Brazil approves capital increase in Eletrobras for privatization plan
The Government of Brazil has approved the proposed capital increase for the state utility, Eletrobras, as it prepares for the company privatization. Brazil is set to inject up to BRL10 bill...
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