|R$1.8 bn backing from BNDES for RN wind projects|
|Sunday, 29 January 2012 11:55|
Brazilian development bank, BNDES, approved credit of R$ 1.8 bn for the construction of 26 wind farms in the State of Rio Grande do Norte at teh end of 2011. The 26 projects, which have the potential to generate carbon credits, will have installed capacity of 628.8 MW and will involve total investment of R$ 2.6 bn. They are all located in areas with low economic and social development - and are expected to have a positive impact on the respective regions by boosting tax revenues and diversifing economic activities.
União dos Ventos:
Ten farms in the municipalities of Pedra Grande and São Miguel with installed capacity of 169.6 MW and associated transmission system (BNDES financing of R$ 557.1 m; total investment of R$ 754.6 m). The farms will be managed by ten special purpose companies (each contracted individually to supply energy to Cemig for 20 years) controlled by the Soares Penido Group (which includes Ventos Potiguares and Serveng Energias Renováveis).
Five farms in the municipalities of João Câmara, Jandaíra, and Parazinho (the semi-arid region of Rio Grande do Norte) with installed capacity of 160 MW (BNDES support of R$ 453.1m). The farms will be managed by Contour Global, which will invest R$ 600 m and will create 800 direct and indirect jobs.
DESA Morro dos Ventos:
Seven farms with installed capacity of 205.2MW in the municipalities of João Câmara and Parazinho (BNDES backing of R$555m). The farms will be managed by DESA Eólicas S/A group which will invest a total of R$ 818 m, creating 1,190 direct and indirect jobs.
São Bento Project:
Four projects managed by special purpose companies Olho D'água, São Bento do Norte, Lighthouse and Boa Vista, with combined capacity of 94MW (total funding of R$400m). The farms will be managed by four special purpose companies, Olho D'água, São Bento do Norte, Lighthouse and Boa Vista, created by Galvão Energia (Dreen).