Brazil’s Koblitz Planning Renewable Projects in Latin America

Areva Koblitz, the Brazilian renewable energy developer that focuses on biomass and hydroelectric plants, plans projects worth 584 million reais ($327.3 million) throughout Latin America following a decline in local power prices.

The company is seeking to sign contracts to build facilities with 200 megawatts of installed capacity by 2016 in the region, Commercial Director Jose Romero Rego said in an interview.

Wind farms in Brazil are beating other energy technologies to contracts to sell power in government-organized auctions.

“We’re looking for other opportunities in new markets,” he said.

Areva Koblitz, which may receive 20 percent of its revenues from outside Brazil in 2015, may sign a contract to build a 35-megawatt biomass plant that runs on giant king grass next quarter in Honduras, he said in an e-mail yesterday.

Political stability is a concern for the company, which will focus on Peru, Chile and Uruguay in South America and Honduras, Panama and Guatemala in Central America, he said.

“Honduras will be an experience. We’ll discover how it will work,” he said…continue Bloomberg Article here.

You must be logged in to post a comment Login