SAO PAULO, April 16 (Reuters) - Spanish infrastructure group Acciona has decided to reduce its footprint in Brazil's renewable energy sector as it has been facing a hard time implementing new power generation projects, two sources familiar with the matter told Reuters.

Acciona's decision, which comes a little over two years after the company first ventured into Brazil's power generation market, takes into account low electricity prices and high debt and equipment costs, according to one of the sources.

Acciona did not immediately respond to a request for comment. (Reporting by Leticia Fucuchima; Editing by Brendan O'Boyle)