Renewable

June 30 (Renewables Now) - Brazilian renewable energy company Elera Renovaveis ​announced on Tuesday that it has commenced construction works on a 247.5-MW wind power complex in the state of Rio Grande do Norte.

The project for the Oeste Serido complex will bring an investment of BRL 1.5 billion (USD 286m/EUR 272m) to the region, the company said.

Located in the municipality of Parelhas, the complex will span ten wind farms featuring a total of 55 turbines.

Once up and running, Oeste Serido should be capable of generating enough power to meet consumption needs of close to 804,000 households, according to Elera.

Construction works are expected to be finalised in 2024.

Elera said that it will invest close to BRL 5.8 billion in new hydro, wind and solar projects to double its installed capacity by 2023. It now has 2 GW installed in Brazil, Uruguay and Chile.

Elera Renovaveis is part of Brookfield Asset Management Inc (TSE:BAM.A).

(BRL 1.0 = USD 0.191/EUR 0.181)

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