Fontes dos Ventos Wind Farm

Project Information
Country: Brazil Location: State of Pernambuco
Technology: Wind Development stage: Pipeline
Status: Under development 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: 2047
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: Enel Green Power Tacaico Eolica S.A., Enel Green Power Pedra do Geronimo Eolica S.A. and Enel Green Power Tacaico Eolica S.A.
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 sector taxation.
Key features to support revenue/reduce cost: The three power plants controlled by Enel 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$ 50.5/MWh (BRL 98.6/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: No

Sponsor Details

Sponsor % Ownership Country of origin
Enel SpA 100 Italy

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 .. 192 78 MW ..

Multilateral Support Details

No details available

Funding Details

No details available