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Recently, the Brazilian federal government has approved the investment of 1 billion reais (about 1.
87 billion yuan)
for renewable energy projects in the northeast.
Brazil approved 1.
87 billion yuan to invest in renewable energy projects
Overall, BRL 1.
4 billion (about RMB 2.
62 billion) was approved for infrastructure projects, with renewable energy being the main focus
.
According to data released by the Ministry of National Integration, the government's investment will be realized
through the Constitutional Financing Fund (FAN) in the Northeast Region.
One of the projects that will benefit from financing is the 120 MW solar power plant
in Juazeiro, Bahia.
The project will receive R$316.
7 million (approximately RMB 590 million)
from FNE.
In addition, Grupo Echoenergia will receive 364 million reais (about 680 million yuan) to implement four wind energy projects
.
The government pointed out that the constitutional financing fund will also allocate 340 million reais (about 640 million yuan) to Enel Distribuicao Ceara, the regional arm of the Italian utility Enel, to strengthen the energy distribution network
in Ceará.
Note: This article uses the real-time exchange rate of 1 Brazilian real = 1.
8719 RMB
，
Recently, the Brazilian federal government has approved the investment of 1 billion reais (about 1.
87 billion yuan)
for renewable energy projects in the northeast.
Brazil approved 1.
87 billion yuan to invest in renewable energy projects
87 billion yuan to invest in renewable energy projects
Overall, BRL 1.
4 billion (about RMB 2.
62 billion) was approved for infrastructure projects, with renewable energy being the main focus
.
According to data released by the Ministry of National Integration, the government's investment will be realized
through the Constitutional Financing Fund (FAN) in the Northeast Region.
One of the projects that will benefit from financing is the 120 MW solar power plant
in Juazeiro, Bahia.
The project will receive R$316.
7 million (approximately RMB 590 million)
from FNE.
In addition, Grupo Echoenergia will receive 364 million reais (about 680 million yuan) to implement four wind energy projects
.
The government pointed out that the constitutional financing fund will also allocate 340 million reais (about 640 million yuan) to Enel Distribuicao Ceara, the regional arm of the Italian utility Enel, to strengthen the energy distribution network
in Ceará.
Note: This article uses the real-time exchange rate of 1 Brazilian real = 1.
8719 RMB
，
