March 23 (Renewables Now) - Brazilian utility company Neoenergia SA (BVMF:NEOE3) launched on Wednesday its first renewable energy hybrid complex in Brazil, combining wind and solar plants with a total capacity of about 600 MW.
Located in the northeastern state of Paraiba, the Neoenergia Renewable Energy Complex integrates the 471.2-MW Chafariz wind park and the 149.2-MWp Neonergia Luzia solar plant connected to the same substation and transmission line.
The total investment amounts to around BRL 3.5 billion (USD 665.94m/EUR 617.46m). The new complex is capable of producing enough clean energy to meet the demand of 1.3 million homes per year.
The ceremony for the launch of the complex was attended by Brazil's president Lula da Silva and Ignacio Galan, chairman of Neoenergia's parent, Spanish electric utility Iberdrola SA (BME:IBE). During the event, Iberdrola committed to investing BRL 30 billion in Brazil over the next three years in electricity networks and renewable energy projects, including offshore wind and green hydrogen.
(BRL 1.0 = USD 0.190/EUR 0.176)