Home Americas Brazil denies schedule changes for 689 MW of solar projects
Brazil denies schedule changes for 689 MW of solar projects

Brazil denies schedule changes for 689 MW of solar projects

24
0

Brazil’s power sector regulator Aneel refused on Tuesday to allow changes to the implementation schedule for 688.91 MW of solar projects that won contracts in the 2014 reserve energy auction.

Aneel also denied a request by the project companies, among which Canadian Solar and Renova Energia, to postpone by two years the starting and termination supply dates established in the contracts negotiated in the tender.

The solar investors claim that their projects have been delayed by unpredictable changes in the Brazilian macroeconomic scenario. They say the depreciation of the local currency made it very expensive to import equipment, while local factories do not have enough capacity to supply the solar projects. Also, the inability to meet domestic content requirements of the Brazilian Development Bank (BNDES) has hurt the projects’ efforts to secure financing.

Aneel did not accept these arguments.

Details on the projects are available in the table below.

ProjectsTotal capacity
Vazante 1, 2, 390 MW
Dracena 1, 2, 3, 4120 MW
Gaimbe 1, 2, 3, 4, 5150 MW
Massape30 MW
Banabuiu30 MW
Solar Caetite 1, 2, 389.91 MW
Inhare 130 MW
Coremas 130 MW
Caetite I, II, IV, V119 MW

(24)

Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *