Neoenergia's board of directors has approved the construction of the Oitis wind farm complex. The complex will be located in the states of Piauí and Bahia with an installed capacity of 566.5 MW. The project will consist of 12 wind farms, two of which (Oitis 1 and Oitis 8) had 30% of their power sold in Brazil’s A-4 auction held on June 28.
The remaining 10 wind parks will have their energy for sale in the free energy market, with an average capacity factor of 50%. The capital expenditure for the projects stands at around BRL1.9 billion (US$455.8 million).
The board also approved the signing of turbine supply contract with an undisclosed first-tier provider.
Commercial operation of the facility is expected in mid-2022.
Country updates
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October 14, 2019
Light SA agrees to sell 17% stake in Renova Energia
Light SA, the Brazilian energy company, has reached an agreement to sell its 17.17% participation in Renova Energia SA to CGI Fundo de Investimento em Participacoes Multiestrategia. CGI will acquire a...
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October 11, 2019
GE secures a contract to supply turbines for 132.5 MW Ventos da Bahia expansion wind project in Brazil
GE Renewable Energy has signed an onshore wind contract with EDF Renewables in Brazil. This deal for GE’s Cypress platform — the company’s largest onshore wind turbine — is als...
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October 10, 2019
ACS, Brookfield reaches financial close for Chimarrao Power transmission project in Rio Grande do Sul
Chimarrão Transmissora de Energia has reached financial close on a BRL2.24 billion (US$0.56 million) transmission line project in Brazil. Special purpose vehicle Chimarrão Transmissora d...
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October 09, 2019
Spanish company to develop USD320m solar complex in Brazil
The government of the Brazilian state Piaui announced that the Spanish developer Enerside will develop 322.06 MWp solar photovoltaic complex in the state of Piaui, Brazil. The company will invest USD...
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October 01, 2019
CPFL Energia closes acquisition of shares in CPFL Energias Renovaveis
Brazilian energy company CPFL Energia has completed the acquisition of the shares in CPFL Energias Renovaveis from a local unit of State Grid Corporation of China. The deal represents a tot...
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