Santander Ceara & Rio Grande do Norte Wind Farms

Project Information
Country: Brazil Location: States of Ceara and 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: 2046
Main revenue source(s): PPA/WPA payments, Tax Deduction, Other 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: Embuaca Geracao e Comercializacao de Energia S.A., Eolica Mar e Terra Geracao e Comercializacao de Energia S.A., Eolica Bela Vista Geracao e Comercializacao de Energia S.A., Eolica Icarai Geracao
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: Offered an average tariff of US$ 75.8/MWh (BRL151.5/MWh). The tariff was to be annually adjusted to the inflation rate. Regime Especial de Incentivos para o Desenvolvimento da Infra-Estrutura (Reidi): tax cuts in the acquisition of capital equipment and construction material acquired both in the domestic and international markets (a cost reduction of about 9.25%). Accelerated depreciation methods of accounting for construction expenditures. Electricity sold is not subject to sectoral taxes. Total cost of public project:
PPP type: Services contracted by users Concession period type: Fixed concession Period
Banks/funds involved (depth financing):
Commissioning date: 2012 Project grid: Sistema Interligado Nacional
Carbon credits: Yes

Sponsor Details

Sponsor % Ownership Country of origin
Santander Bank 100 Spain

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 .. 213 90 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 .. .. .. 150 .. 79/21 63