Newave Energia, a company that operates in the generation and commercialization of renewable energy, has received approval for a credit line of up to R$ 230 million for the implementation of three photovoltaic solar power plants in the state of Goiás.
The resources will be provided through the FDCO (Central-West Development Fund), administered by Sudeco (Superintendency for the Development of the Central-West), which is linked to the Ministry of Integration and Regional Development.
According to resolutions published in the Official Gazette of the Union (DOU) this Monday (02), the financing covers the UFV Baru, UFV Mangaba and UFV Buriti projects, all located in the municipality of Vila Propício, about 200 kilometers from Goiânia.
The UFV Baru and UFV Buriti plants will each have an installed capacity of 50 MW and are expected to generate approximately 14,5 MW on average for the SIN (National Interconnected System). The estimated investment in each project is R$ 150,78 million, with FDCO contributing up to R$ 89,69 million per project.
The Mangaba Photovoltaic Plant will have an installed capacity of 30,4 MW, with a projected injection of approximately 8,8 MW on average into the National Interconnected System (SIN). The total investment is estimated at R$ 92,87 million, of which the fund may finance up to R$ 50 million.
According to the resolutions, FDCO “demonstrates the capacity to provide resources according to the physical-financial schedule of the projects.” Sudeco also highlighted that the projects are aligned with the objectives of promoting economic development and regional integration in the area of operation of the agency.
What is FDCO?
It is a financing instrument aimed at infrastructure projects, public services, and productive ventures with the potential to generate new businesses in the Central-West region.
Among the fund's main advantages are differentiated interest rates, extended payment terms – which can reach up to 20 years – and an extended grace period, which can reach up to one year after the project begins operations.
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