Brasventos Rio Grande do Norte Wind Farm

Project Information
Country: Brazil Location: State of Rio Grande do Norte
Technology: Wind Development stage: Financial Closure
Status: Construction Number of system(s): 3
Captive facility: No Percentage captive: ..
Contract Information
Type of PPI: Greenfield project Subtype of PPI: Build, own, and operate
Contract period (years): 35 Termination year: 2045
Main revenue source(s): PPA/WPA payments Contract award method: ..
Bid criteria: Not Applicable Number of bids: ..
Renewal contract award method: .. Renewal bid criteria: ..
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company: Brasventos Eolo Geradora de Energia, Rei dos Ventos Geradora de Energia and Brasventos Miassaba 3 Geradora de Energia
Publicly traded: No Stock market: N/A
Type of government support: ..
PPP project: Yes Related infrastructure by government:
PPP part of public project: No Key features of guarantee:
Key features to support revenue/reduce cost: The government periodically runs public bidding for the sale of energy to the country┬┤s distribution companies. The three power plants controlled by Brasventos won the public bidding that took place in 2009, by offering an average tariff of US$ 76.5/MWh (BRL 153/MWh). The company was granted the right to take part in the government program called Regime Especial de Incentivos para o Desenvolvimento da Infra-Estrutura (Reidi). Companies selected to take part in this program were given tax cuts in the acquisition of capital equipment and construction material acquired both in the domestic and international markets (this incentive represented a cost reduction of about 9.25%). In addition, the company was allowed to use accelated depreciation methods of accounting for construction expenditures. Finally, the electricity sold by the company is not subject to sectoral taxes. Total cost of public project:
PPP type: Services contracted by users Concession period type: Variable concession Period
Banks/funds involved (depth financing): BNDES
Commissioning date: 2013 Project grid: Sistema Interligado Nacional
Carbon credits: No

Sponsor Details

Sponsor % Ownership Country of origin
J. Malucelli Construtora de Obras LTDA 51 Brazil

Project Investment History (proposed investment listed for pipeline projects)

Year % private Payment commitments to the government * Investment commitments in physical assets Capacity Type Government cash subsidy commitments
2012 51 .. 378 166 MW ..

Multilateral Support Details

No details available

Funding Details

Funding year Private debt funding Capital grants Government funding Local public bank funding Donor funding Debt equity grant ratio Private equity funding
2012 .. .. .. 197 .. ..