Brazil to speculate USD 9.5bn in energy grid so as to add extra renewables

Brazil is planning to speculate BRL 50 billion (USD 9.51bn/EUR 8.82bn) in transmission traces to allow the mixing of extra wind and solar energy, vitality minister Alexandre Silveira introduced on Wednesday.

The ministry’s Secretary of Electrical Vitality, Gentil Nogueira mentioned the nation is seeking to maintain at the least three main transmission auctions this yr with a purpose to make sure the growth of wind and photo voltaic vitality within the North of Minas Gerais state and all through the entire Northeast area.

With this programme, the federal government plans to have extra hybrid renewable vitality complexes, which mix two distinct renewable vitality parks beneath the identical community.

The announcement was made throughout the inauguration of Neoenergia’s new 600-MW wind and photo voltaic hybrid era advanced within the northeastern Paraiba state.

(BRL 1.0 = USD 0.190/EUR 0.176)

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