Brazil’s Neoenergia has announced it will invest US$487M in the construction of seven new hydro plants over the next four years.

As part of the investment Neoenergia plans to build four small scale projects with total capacity of 80.2MW, according to BN Americas. It will also invest in the 140MW Baguari I scheme, the 93.6MW Corumba III project, and the Dardanelos project, which will have an installed capacity of 261MW.

Corumba III is the only project so far to have been awarded a full environmental licence. The other projects have been awarded concession contracts, with most of their power sold at auction.