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.