Brazil's National Development Bank (BNDES) will support the construction of 68 MW of solar project through a loan of BRL189.9 million (US$36.7 million), which corresponds to 80% of the total project cost of BRL237.4 million (US$45.9 million). It is granted to VTRM Energia Participacoes SA, a joint venture (JV) between Votorantim Energia and Canada Pension Plan Investment Board (CPPIB).
The solar park is part of a wind-solar hybrid project in Piaui state. Situated in Curral Novo, it will provide the power needs of 80,000 homes.
Ventos do Piaui I, the wind portion of the hybrid project has been connected to the Brazilian Interconnected System (SIN).
Country updates
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July 26, 2021
Shell, Gerdau to develop the 190 MWdc Aquarii solar PV project in Brasilândia de Minas
Royal Dutch Shell Plc, in a 50/50 joint venture with Gerdau SA, has announced to jointly develop the 190 MWdc Aquarii solar photovoltaic project located in the municipality of Brasilân...
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July 21, 2021
Atlas Renewable Energy and Unipar sign PPA for Lar do Sol – Casablanca II Solar Plant
Atlas Renewable Energy has signed a large-scale solar energy power purchase agreement (PPA) with Brazilian chemical company Unipar Carbocloro SA through Atlas Renewable Energy's Lar do Sol &...
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July 21, 2021
Atlas Renewable Energy signs PPA for 239 MW solar project in Brazil
Atlas Renewable Energy along with Unipar announced the signing of a large-scale solar energy power purchase agreement (PPA) for 239 MW Lar do Sol – Casablanca II solar project in...
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July 19, 2021
Qair Brasil completes construction of turbine foundations for 223 MW Serra do Mato wind and solar power hybrid complex
Qair Brasil completed the construction of foundations for 29 wind turbines that will be part of the 223 MW Serra do Mato wind and solar power hybrid complex located in the State of Ceara in Brazi...
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July 16, 2021
Powertis secures BRL520mn financing for Graviola solar project
Powertis, the global solar PV project development division of Soltec Power Holdings, and BNB, Banco de Nordeste do Brasil, have signed an agreement for the financing of a new solar photovoltaic projec...
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