Powertis, a company that invests in the development, structuring, financing, construction and operation of large-scale solar PV projects in Europe and Latin America, is developing a 765 MW photovoltaic solar portfolio in the states of Minas Gerais and Sao Paulo, in Brazil.
The portfolio consists of one project of 495 MW and three projects of 90 MW each. All of projects are in construction phase at the moment. Spanish Soltec will be responsible for supplying solar trackers in all plants and facilitating installation and construction services.
The projects will need a total investment of BRL2.5 billion (US$613.3 million) approximately and will supply the energy needed for more than 1,150,000 households.
The portfolio has energy sales contracts (PPA´s) with two Brazilian frontline off-takers that will allow the operation of the plant by Powertis until the end of 2041. The projects will begin operations in January 2021 and January 2022.
The projects will be financed by BNDES (Banco Nacional de Desenvolvimento Econômico e Social) and BNB (Banco do Nordeste), with an expected financial closing date in Q4 2019 and Q1 2020.
Powertis expects that the construction of these solar plants will create more than 7,200 direct and indirect jobs during installation and construction phases, which will be complemented by more than 160 permanent direct and indirect jobs when the plant is in operation.
“With the construction of these four projects, Powertis continues to strengthen its position in the Brazilian market and also contributes to the generation of jobs through the implementation of clean energy”, says Pablo Otín, CEO of Powertis.
EIG Global Energy Partners (“EIG”), the controlling shareholder of Prumo Logística S.A. (“Prumo”), a private Brazilian company leading the energy infrastructure hub at Port of Açu, announced major developments at Prumo.
Read moreVoltalia has reached physical completion of a transmission line of 2 GW for its Serra Branca cluster of wind projects located in NorthEast Brazil, multiplying by six the cluster’s power evacuation capacity. Fast track development and construction of the new line will allow Voltalia’s VSM 1&2 wind farms (291 MW in total) to begin operations ahead of Voltalia’s initial forecasts.
Read moreSpanish energy developer Solatio Energia in a meeting with Minas Gerais state Governor in Brazil last week has announced the investment of BRL 21 billion (USD 5.4 billion) by 2023 in photovoltaic plants in the state. It´s estimated that about 7.2 GW of solar capacity will be developed.
Read more
Lightsource BP, a global leader in the funding, development and long-term operation of solar projects has announced the acquisition of world-class capabilities and approximately 2 GW of greenfield solar photovoltaic projects, at various development stages across Brazil, from Enerlife, a successful independent Latin American renewables developer. As part of this transaction, some members of the Enerlife team will transition across to Lightsource BP to continue serving the acquired portfolio.
Read moreEnel S.p.A., acting through its renewable subsidiary Enel Green Power Brasil Participações Ltda, has closed the sale of 100% of three fully operational renewable plants totaling 540 MW to Chinese company CGN Energy International Holdings Co. Limited (CGNEI). The overall consideration of the transaction paid to Enel upon closing is equal to the assets’ enterprise value and amounts to approximately BRL2.9 billion (US$740 million).
Read more