Corredor do Senandes Wind Park

Project Information
Country: Brazil Location: State of Rio Grande do Norte
Technology: Wind Development stage: Pipeline
Status: Under development Number of system(s): 4
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: 2047
Main revenue source(s): PPA/WPA payments Contract award method: ..
Bid criteria: Not Applicable Number of bids: ..
Renewal contract award method: Not Applicable Renewal bid criteria: Not Applicable
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company: OEA Eólica Vento Aragano I Ltda, OEA Eólica Corredor do Senandes 2 Ltda, OEA Eólica Corredor do Senandes III Ltda and OEA Eólica Corredor do Senandes IV Ltda
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: 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.
Key features to support revenue/reduce cost: The four power plants controlled by Odebrecht won the public bidding for the sale of energy to the country´s distribution companies that took place in 2011, by offering an average tariff of US$ 61/MWh (BRL 99.5/MWh). The project companies signed 20-year power purchase agreements with the several electricity distribution companies , and the agreements included the annual adjustment of the tariff to the inflation rate. Total cost of public project:
PPP type: Services contracted by users Concession period type: Fixed concession Period
Banks/funds involved (depth financing):
Commissioning date: 2014 Project grid: Sistema Interligado Nacional
Carbon credits: Yes

Sponsor Details

Sponsor % Ownership Country of origin
Odebrecht SA 100 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 100 .. 246 104 MW ..

Multilateral Support Details

No details available

Funding Details

No details available