Brazil allows 66 MW of renewable energy projects to issue debentures

Author: grendelkhan. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

February 20 (Renewables Now) - The Brazilian Ministry of Mines and Energy has allowed four renewable energy projects with a combined capacity of 66.25 MW to issue infrastructure debentures.

With the permits, the schemes -- one wind and three small hydropower plants (HPPs) -- now have the status of priority projects, which is needed to speed up their implementation, according to decrees published by national power sector regulator Aneel.

More details on the projects are available in the table below.

Name Capacity State Expected completion date
EOL Mundo Novo V 24.25 MW Rio Grande do Norte July 2021
PCH Sao Bartolomeu 12 MW Goias November 2021
PCH Gameleira 14 MW Goias May 2021
PCH Salgado 16 MW Goias May 2022

The HPPs and wind farm are owned by Sao Bartolomeu Geradora de Energia Renovavel SA and Pro Bioenergia Empreendimentos SA, respectively.

These special purpose entities (SPEs) are held by Fundo de Investimento em Participacoes Multiestrategia Pirineus and Fundo de Investimento em Participacoes em Infraestrutura Prosperidade.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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