Brazil

Brazil

Priority development program for north east Brazil

Brazil's lower parliamentary house has approved a bill which would create a wind power development priority program for the north east of the country. The program, known as Prodene, will offer project developers a number of advantages including a five year exemption from IPI tax on industrial products and a 12 year line of credit from the national development bank, BNDES. "The big advantage of the northeast is the wind curve perfectly complements the hydrological curve in the Sao Francisco River basin. The winds are strongest during the dry season. The potential already identified for the northeast is 30,000 MW," according to Pernambuco state senator and sponsor of the bill, Clementino Coelho. The Mines & Energy Commission will now consider the bill. If approved it will carry on to a vote in the full session of the Lower House.

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