Brazil's Atlantic to bid 750MW in 2014
Brazilian independent renewable energy company Atlantic Energias Renováveis has preliminarily registered 750MW of wind power projects for upcoming auctions, the company tells Recharge.
The projects listed for this year's auctions include 200MW in Rio Grande do Sul state, 350MW in Bahia state and 200MW in Piauí state, says Henrique Theodorovicz, Atlantic's engineering and new projects manager.
The Brazilian government plans to hold an A-3 auction in June, an A-5 auction in September, and it may hold a third reserve auction just for renewable power.
Theodorovicz also confirmed the conclusion and final environmental licensing of the Eurus II and Renascenca V wind farms, rated at 30MW each, in the northeastern state of Rio Grande do Norte -- the first projects to be concluded by the company.
Atlantic has another 320MW in development.
The company is now awaiting the green light from regulator Aneel to cash in monthly revenues from Eurus II and Renascenca V, even though they will be idle because they are not connected to transmission grid.
Like wind farms other other companies in the region, Eurus II and Renascenca V await the conclusion of the Joao Camara III substation in January 2015 to switch on the turbines, a deadline announced by federal power company Chesf who is responsible for building the link to the transmission grid.
Atlantic is made up of Brazilian company Pattac Participacoes, British private equity fund Actis and Spain's Servinoga.