Solatio to invest in 650 MW PV project in Brazil
Solatio Energia has plans to invest approximately R$3.4 billion (US$859.1 million) in four photovoltaic solar project in Brazil.
One of the projects is the 297 MW Pirapora plant, which is expected to be largest photovoltaic facility in Latin America. The total project investment is estimated at R$1.6 billion (US$404.3 million). This project is also owned by Canadian Solar.
The three other projects amount about 350 MW and will be developed in Guimarania, Vazante and Paracatu.
The four projects will received support from the state of Mina Gerais. Once operational, the four projects will have capacity to generate approximately 1.5 million MWh per year.
Brazil is among the top ten energy consuming countries globally. The solar irradiation in the most attractive regions is in the range between 2000-2200 kWh/m2 on inclined surface. Brazil is also among the top 5 countries in the world when it comes to use of air conditioning.
Country news
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February 18, 2016
Scatec Solar secures 78 MW solar projects in Brazil
Scatec Solar has signed an agreement with the Spanish Company, Grupo Gransolar, to acquire a majority stake in two solar projects totalling 78 MW located in the state of Piaui in North-Eastern Brazil. Read more -
February 05, 2016
Gestamp Renewables announces completion of projects and projects under development
Gestamp Wind has set into operation seven new wind farms, with a combined power of 152 MW, and is also developing 216 MW of wind power. Read more -
February 01, 2016
Copel gets US$73m financing from BNDES for wind project
Brazil's Development Bank (BNDES) has provided financing to Companhia Paranaense de Energia (Copel) to support the 183.6 MW Brisa Potiguar Wind Complex project in Brazil. Read more -
January 29, 2016
BNDES to finance 21.6-MW wind farm in Rio Grande do Sul
The Brazilian Development Bank, BNDES, has announced that it will support the 21.6 MW Pontal 2A wind park located in the state of Rio Grande do Sul, Brazil. Read more -
January 20, 2016
Voltalia announces development of 1.2 GW wind power clusters in Brazil
Voltalia has announced the development of one of the largest wind power cluster in Brazil, with a future potential 1.2 GW capacity. Read more
