The Committee for the Environment of the Brazilian Senate has approved a bill to modify the legislation of the electric system and grant access to the country’s energy auctions to large-scale hybrid renewable energy projects.
The rulings help clear the way for Brookfield’s acquisition of the two yieldcos, and close a long and difficult chapter in the story of the three companies.
Through its Brazilian subsidiary Enel Green Power Brasil Participações, Italian developer Enel has completed two projects in Brazil’s north-eastern state of Bahia, with a total capacity of 158 MW.
Ceará’s environmental authorities approved three 30 MW solar projects submitted by Steelcons Energy.
The BNDES will support a 150 MW solar project being developed by EDF and Canadian Solar in the state of Minas Gerais. The project is scheduled to come online in August 2017.
The funds will be devoted to large-scale wind and solar projects across Brazil.
The combined capacity of these installations has reached approximately 78 MW. The state with the highest number of PV systems under net metering is Minas Gerais.
The Chinese module manufacturer intends to invest 112 million BRL ($35.2 million) in the manufacturing facility.
Brazil’s third biggest electric utility company has set up Envo, a new unit offering residential and commercial PV solutions under net metering. The offer includes a financing option with Banco Santander.
The assessment was conducted by Brazil’s energy agency Empresa de Pesquisa Energética (EPE). These projects are expected to be particularly suitable to regions with a low degree of grid integration.
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