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Brazil's CPFL developing 369 MW of wind projects in Rio Grande do Norte

Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic

May 17 (Renewables Now) - Brazil’s CPFL Renovaveis (BVMF:CPRE3) will develop 14 wind farms in Rio Grande Norte state with a combined capacity of 369.3 MW, the local government said on Thursday.

CPFL's representatives held a meeting with state officials where they presented plans to invest BRL 350 million (USD 86m/EUR 77m) in the construction of the 69.3-MW Gameleira Wind Complex. Works are scheduled to start either in late 2019 or in early 2020.

The same day, the renewables arm of CPFL Energia SA (BVMF:CPFE3) announced that it is in the process of obtaining the licence for an additional 300 MW, divided into ten parks.

Aside from the investment in wind power, CPFL and the state agreed to implement social projects for the communities in the vicinity of the future wind farms.

CPFL Renovaveis has about 800 MW of installed renewables capacity in Rio Grande do Norte and is responsible for about 20% of the installed wind capacity in the state.

(BRL 1 = USD 0.25/EUR 0.22)

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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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