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With Aneel’s Guarantee, French Company Total Announces More Solar Energy Projects in the Interior of São Paulo

Written by Paulo Nogueira
Published on 10/03/2020 at 09:22
Updated on 10/03/2020 at 10:58
Aneel Total Energia Solar São Paulo Dracena
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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).

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

Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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