Brazil's National Development Bank (BNDES) has approved funding of BRL941.6 million (US$175.32 million) to support Sao Martinho SA for the development of the 40 MW UTE Sao Martinho Bioenergia project located in the municipality of Pradopolis, Sao Paulo, Brazil.
The project will use sugarcane bagasse as fuel and supply the consumption demand of the other plants in the complex.
The financing of BRL941.6 million (US$175.32 million represents 79% of the total investment, which adds up to BRL1.2 billion (US$223.43 million). The forecast is that the projects will be fully implemented by 2026.
Country updates
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February 04, 2021
Essentia Energia to start construction on Ventos de Sao Vitor wind complex
Essentia Energia, a renewable energy company based in Brazil, is preparing to commence the construction of a wind complex in the state of Bahia in Brazil. The Ventos de Sao Vitor wind comp...
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February 02, 2021
Engie orders 434 MW of Siemens Gamesa turbines for Santo Agostinho wind complex in Rio Grande do Norte
Engie has signed a 434 MW contract with Siemens Gamesa for the supply of its 5.X onshore platform to the Santo Agostinho wind farm located in the north-east Rio Grande do Norte state, Brazil. Siemens...
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February 01, 2021
Siemens Gamesa to supply wind turbines for 434 MW Onshore wind project in Brazil
Siemens Gamesa signed a contract with leading electricity supplier Engie to supply wind turbines, with one of the largest rotors on the market, for a 434 MW Santo Agostinho onshore wind farm in north-...
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January 27, 2021
ECB Group acquires Petrobras Biocombustível's stake in BSBIOS
The Administrative Council for Economic Defense (CADE) of Brazil has approved the sale of 50% stakes in BSBios to RP Participacoes em Biocombustiveis SA (RPBio). Petrobras Biocombust&iacut...
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January 25, 2021
Vestas secures 360 MW order with Casa dos Ventos in Bahia
Vestas has signed a new agreement with Casa dos Ventos for the 360 MW Babilônia project, located in the cities of Morro do Chapéu and Várzea Nova, in Bahia. The order includes 80...
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