February 23 (SeeNews) – Brazil’s Ministry of Mines and Energy approved four wind energy projects with a combined capacity of 95.9 MW to enter the national Incentive Regime for Infrastructure Development (REIDI).
The projects represent a total investment of approximately BRL 453.2 million (USD 114.5m/EUR 104m). More details are available in the table below.
Project | Capacity | Cost in million | State |
Sao Miguel I | 22 MW each | BRL 96.5 | Rio Grande do Norte |
Sao Miguel II | |||
Sao Miguel III | |||
Boa Vista da Lagoinha | 29.9 MW | BRL 163.7 | Bahia |
The projects based at Rio Grande do Norte are owned by Brazilian power utility Copel (BVMF:CPLE6) while the one in Bahia is controlled by Enel Green Power Boa Vista Eolica SA, a subsidiary of Italian company Enel Green Power SpA (BIT:EGPW).
REIDI, launched in 2007, grants tax incentives to companies investing in infrastructure projects within the transport, energy, sanitation and irrigation sectors.