The Brazilian Development Bank (BNDES) has raised concern in the BRL 1 billion (US$261 million) loan it has extended to the 743 MW Alto Sertao III wind complex because of uncertainties on the planned sale of the project.
The project developer, Renova, is selling the wind asset plus a 1.1 GW wind project pipeline to the Brazilian energy firm AES Tiete Energia SA. However, the regulatory body ANEEL has rejected the sale of the Alto Sertao III's 305-MW Phase B.
The project consists of Phase A of 438 MW and Phase B of 305 MW.
Country updates
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June 20, 2019
L´Oréal Brazil signs PPA deal with ENGIE for the 212.6 MW wind complex in Ceara
L´Oréal Brazil and ENGIE have announced their partnership for the use of electricity from renewable sources with the power purchase agreement (PPA) deal for the 212.6 MW Trairi wind compl...
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June 19, 2019
Vestas secures turbine order for 445 MW Rio do Vento wind project in Brazil
Casa dos Ventos has placed a 445 MW order for the supply and installation of 106 Vestas V150-4.2 MW wind turbines for the Rio do Vento project in the state of Rio Grande do Norte, Brazil. For the proj...
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June 18, 2019
Petrobras closes the sale of Transportadora Associada de Gás
Petrobras has completed the sale of its 90% stake in the Transportadora Associada de Gás S.A. (TAG) to the group formed by ENGIE and the Canadian fund Caisse de Dépôt et Placement...
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June 17, 2019
Brazilian regulators reject AES, Renova deal for 305 MW phase of 743 MW Alto Sertao III wind project
Brazil’s power sector regulator ANEEL has rejected a request from Renova Energia SA to transfer the Phase B of the 743 MW Alto Sertao III wind power complex to energy firm AES Tiete Energia SA....
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June 17, 2019
EDP completes 8 MWp Brazilian solar PV project
EDP Energias do Brasil SA has concluded the development of a Brazilian photovoltaic (PV) plant. The BRL30 million (US$7.8 million) facility, comprised of two solar farms, features 25,400 solar panels...
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