The Rio de Janeiro based company foresees two PVplants – each with 30MW of installed capacity – located in the northeasternstate of Rio Grande do Norte.

This week, power regulator Aneel approved their transfer tospecial purpose companies (SPC) named Luz I Energia Solar and Luz II EnergiaSolar that were created to participate in the auctions.

According to Muniz, Elements is in talks with severalcompanies interested in investing in the projects.