Renova Energia gets enviro permits for 703.5-MW of sustainable projects in Brazil

• Brazilian renewables firm Renova Energia SA (BVMF: RNEW11) has actually been offered preliminary licences for 703.5 MW of wind as well as solar projects in the Bahia state.

The licences, issued by the state's setting as well as water sources set up INEMA, will certainly allow the business to further work on establishing projects for a 576-MW wind complex and also a 127.5-MW photovoltaic or pv (PV) plant, Renova Energia announced last week.

The wind complicated, called Barra, will certainly contain 14 wind farms located in east-central part of Bahia. The solar PV farm is readied to be found in the state's community of Caetite.

With these licences, Renova settles its pipe, that includes 6 GW of projects throughout Brazil's Northeast region. The company now has 5 years to start carrying out the projects, it stated.

Several of these projects will be offered, as part of the business's judicial healing technique, while others will certainly be integrated into Renova's generation portfolio as well as backed by the company's own financial investments or in partnership with various other financiers, CEO Marcelo Milliet added.