The Ministry of Mines and Energy of Brazil has approved the planned wind projects of EDP Renovaveis SA to enter the national Incentive Regime for Infrastructure Development (REIDI).
The 42 MW Boqueirao I and the 37.8 MW Boqueirao II wind projects in the municipalities of Lajes and Caiçara do Rio do Vento, in Rio Grande do Norte will now require about BRL398.3 million (US$72.4 million) of investment, an estimated BRL40.6 million savings after the incentives from REIDI.
The wind farms will operate under a power purchase agreement (PPA) with an unnamed buyer. The plants are expected to be operational by January 2024, with the construction works beginning in November 2022.
Country updates
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April 29, 2020
Nordex to supply turbines for the 58.8 MW VSM wind farm project in Rio Grande do Norte
The Nordex Group has been commissioned to deliver wind turbines for a wind project in Brazil from a local unit of Voltalia, Voltalia Brasil. Nordex will supply 17 AW132...
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April 29, 2020
Vulcabras to offtake power from 504 MW Rio do Vento wind project in Rio Grande de do Norte
Casa dos Ventos has signed a long-term power purchase agreement with Brazilian shoemaker Vulcabras. Vulcabras' Ceara and Bahia units will offtake power from the 504 MW Rio do Vento complex in Rio Gra...
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April 27, 2020
Neoenergia's 566.5 MW Oitis wind farm complex enters REIDI scheme
The portion of the 566.5 MW Oitis wind farm complex project has entered into the national Incentive Regime for Infrastructure Development (REIDI) scheme in Brazil. REIDI is a tax incentive scheme...
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April 24, 2020
TPG enters agreement to acquire 49.5% stakes in Manaus Transmissora de Energia (MTE)
Evoltz, a unit of Texas Pacific Group (TPG Group), has entered into an agreement to acquire a 49.5% stake in Manaus Transmissora de Energia (MTE) from Eletrobras. The BRL232 million (...
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April 23, 2020
Eletrobras starts the test operations of the 123 MW Fortim Wind Complex in Ceara
Centrais Eletricas Brasileiras SA (Eletrobras) has started test operations of the 123 MW Fortim Wind Complex, before entering into commercial operation. The project features of 41 wi...
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