Brazilian telecom, The Claro Group, has signed a power purchase agreement with Engie Brasil for 30 MW of output from the Campo Largo wind complex in the Brazilian state of Bahia.
The project comprises the implementation of 11 wind farms with a total installed capacity of 326.7 megawatts and the respective transmission line. Among the parks that form the complex, six were winners of the 20th New Energy Auction and another five were developed for the free market. Each of the parks has 11 wind turbines, with a total of 121 turbines, which estimates the reduction of the emission of 102,300 tons of CO2 per year and the creation of 2,400 direct and indirect jobs.
The first stage of the project is expected to be fully completed by the end of the year.
Country updates
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December 03, 2018
IDB Invest guarantees debentures for Brazilian solar project
IDB Invest has provided a total credit guarantee of R$315 million (US$84 million) to cover the debentures issuance for the financing of the construction and operation of phase II of the Pirapora solar...
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November 28, 2018
EDF Renewables signs agreement with Braskem to supply wind energy
EDF Renewables in Brazil has announced that it has entered into a long-term Power Purchase Agreement (PPA) with Braskem, one of the world’s leading producers of thermoplastic resin. The energy...
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November 28, 2018
Scatec Solar's 162 MW solar PV project begins commercial operation
Scatec Solar is together with partners Equinor and Apodi Par are pleased to announce that the 162 MW Apodi Solar plant is grid connected and in commercial operation. The Apodi Solar project was awar...
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November 27, 2018
Innova to install 5 MW solar PV project in Brazil
Innova Energy plans to develop a 5 MW solar park in Brazil. The BRL22 million (US$6 million) facility will be installed in Uberaba municipality, Minas Gerais state. Initial cost of the scheme is worth...
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November 26, 2018
IDB Invest and Inter-American Development Bank secure financing for 192 MW solar PV project in Brazil
The 191.5 MWp Pirapora I solar power project raised BRL$239 million (US$64 million) of infrastructure debentures through private placement to accredited institutional investors. The debentures have...
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