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Brazil allows 77 MW of renewable projects under REIDI

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Brazil allows 77 MW of renewable projects under REIDI


August 23 (Solar) – Brazil has allowed three green power facilities with a combined capacity of 77.2 MW to enter the national Incentive Regime for Infrastructure Development (REIDI) and issue infrastructure debentures.

The total cost of the projects, one solar and two wind, is estimated at about BRL 392.4 million (USD 97m/EUR 84m). They also have the status of priority projects which is needed to speed up their implementation.

The Jaiba 9 photovoltaic (PV) plant is located in the state of Minas Gerais and has an individual capacity of 20 MW. The two other are the Ventos de Sao Januario 13 and 14 wind plants, each with 28.6 MW of capacity and located in Bahia state.

REIDI, launched in 2007, grants tax incentives to companies investing in infrastructure projects within the transport, energy, sanitation and irrigation sectors.

(BRL 1 = USD 0.25/EUR 0.21)


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