The Three Plants of The First Solar Energy Financing in Dracena, Organized by Aneel in 2014, Was Successfully Completed, But Total Is Not Stopping and Announces More Investments
Aneel’s grant a few years ago for renewable projects has borne fruit. The French renewable energy producer, Total Eren, said today (10) that it has completed the financing of its 90 MW solar energy project in Dracena, Brazil, and announced new projects there.
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Located in the municipality of Dracena, state of São Paulo, the photovoltaic (PV) complex consists of three plants of 30 MWp each that were brought online in August 2019. The plant, built at a total cost of BRL 350 million (US $ 74.1 million / EUR), was financed with BRL 280 million in resources from an infrastructure debenture issuance with a term of over 17 years. The debentures were acquired by Kinea Investimentos, in a negotiation coordinated by BNP Brasil and XP Investimentos.
The three projects were secured in a 2014 auction held by Aneel, the regulator of the energy sector in Brazil, and have a 20-year PPA with the Brazilian Chamber of Electric Energy (CCEE).
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BEI will provide more than US$ 650 million to Enel for investments in the development of renewable energy projects in Brazil, Peru, and Colombia.
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Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.
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The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.
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Africa has about 500,000 cell towers and most still burn diesel to operate, while companies rush to cover antennas with solar energy and avoid signal blackouts.
So far, Total Eren has built a portfolio of 300 MW of operational and under-construction assets in Brazil. It has two wind farms under construction in Rio Grande do Norte, Terra Santa with 92.3 MW and Maral with 67.5 MW, which will be activated in the fourth quarter of 2020.
“Brazil offers very promising opportunities in wind and solar energy, and we are convinced that this diversification will be key to our sustained growth in the country”, said Pierre-Emmanuel Moussafir, director of Total Eren Brazil.
Aneel Also Approved The Construction of 15 Plants in Brazil
Aneel, the regulator of the electricity sector in Brazil, approved on Tuesday (03) 283.45 MW of projects in the A-6 auction. More details on the subject here, but below is a summary table of the plants to be built:
| Name | Source | Capacity |
| Caetité D | Wind Energy | 27.50 MW |
| Ipiranga Bioenergia Mococa | Biomass | 40.20 MW |
| Cerradão 3 | Biomass | 40 MW |
| Rodeio | Small Hydroelectric | 9.75 MW |
| Jaspe | Small Hydroelectric | 5.10 MW |
| Barra das Águas | Small Hydroelectric | 8.50 MW |
| São Luiz | Small Hydroelectric | 10.50 MW |
| São Roque | Large Hydroelectric | 141.90 MW |

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