Brazil turns on 172 MW of renewable energy to enter the REIDI scheme | Instant News

October 30 (Now Renewable) – Brazil has allowed 171.9 MW of wind and solar projects to enter the national Incentive Regime for Infrastructure Development (REIDI).

The five wind power projects – Serra Verde I to V – have a combined capacity of 78.9 MW. Once allowed to enter REIDI, this plant will require a total investment of around BRL 440.9 million (USD 76.2 million / EUR 65.3 million).

The 29.9-MW Serra Verde I and 23-MW Serra Verde II and III projects are based in the state of Rio Grande do Norte. Serra Verde I and II are scheduled to operate on January 30, 2023, while Serra Verde III is set for January 20, 2023.

The Xaxado 1, 2 and 3 photovoltaic (PV) power plants each have a capacity of 32 MW and require a combined investment of around BRL 337.3 million. They are located in the state of Pernambuco and are scheduled to be completed on November 1, 2021.

REIDI, launched in 2007, provides tax incentives to companies investing in infrastructure projects in the transportation, energy, sanitation and irrigation sectors.

(BRL 1 = USD 0.173 / EUR 0.148)

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