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 for the project within the transport, energy, sanitation, and irrigation sectors.
The 467.5 MW of the wind project has been allowed to enter the REIDI scheme with the wind farm currently being developed by Neoenergia. The Spanish local unit of Iberdrola is set to invest about BRL2.55 billion (US$462.7 million) to build the project.
The project will be developed in the States of Piaui and Bahia. It will consist of 12 wind parks. The project is expected to start operation by December 2022.
Country updates
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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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April 13, 2020
Siemens Gamesa to supply turbines for 312 MW Tucano wind project in Bahia
Siemens Gamesa has signed a supply contract with AES Corporation for a 312 MW wind project in Brazil. The company will supply 52 SG 5.8-170 to the Tucano wind farm in the state of Bahia. The new orde...
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April 08, 2020
Folha Larga wind project starts operation of its first turbine
The first wind turbine of the 151.2-MW Folha Larga wind complex has started generating power in Bahia state of Brazil. The BRL750 million (US$143.9 million) project is currently developed by Cas...
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April 08, 2020
Engie signs BRL1.243bn loan with BNDES for Campo Largo 2 Wind Complex
Engie Brasil Energia SA, a unit of Engie, has signed a BRL 1.243 billion (US$237.4 million) with the Brazilian Development Bank (BNDES) for the development of a 361.2 MW Campo Largo 2 Wind C...
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