ANEEL culls renewable projects

ANEEL culls renewable projects

Project & Infrastructure Finance Brazil

Brazil’s electricity regulator ANEEL canceled 25 renewable energy projects comprising 557.4 MW in combined capacity, according to a statement from the Ministry of Mines and Energy. Sixteeen wind farms totaling 307.7 MW and 9 solar photovoltaic plants amounting to 249.7 MW from Brazil’s first reserve auctions in 2014 and 2015 were terminated, via the 2017 Reserve Energy Disengagement Mechanism.The cancellation will result in the reimbursement of BRL105.9m ($33.73m) to the nation’s Reserve E

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