Banco do Nordeste do Brasil S.A. (BNB) has approved BRL136 million (US$26 million) in non-recourse project financing for Canadian Solar to help finance and operate the 79 MWp Lavras II solar power project in Brazil.
Lavras II, which will be powered by Canadian Solar's high-efficiency BiHiKu modules, is expected to be operational in Q2 2022.
In September 2019, Canadian Solar won the Lavras II solar project in a private auction hosted by COPEL Energia, a subsidiary of COPEL Group, one of Brazil's top ten energy trading businesses, with a 15-year inflation-adjusted PPA.
Country updates
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June 17, 2022
Neoenergia starts test operation for 566.5 MW Wind complex in Brazil
Neoenergia has started the operational tests for the first 7 wind turbines of the 566.5 MW Neoenergia Oitis wind complex located between the states of Piauí and Bahia, Brazil.
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June 16, 2022
Atlas Renewable buys 378 MW wind project in Minas Gerais
Atlas Renewable Energy has completed the acquisition of a 378 MW onshore wind farm in Minas Gerais, Brazil, from Voltalia. The Juramento wind farm will be made up of 63 wind turbines and w...
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June 07, 2022
EDF Renewables do Brasil plans 237.5 MW expansion of Serra do Serido wind project in Paraiba
EDF Renewables do Brasil, a subsidiary of EDF Group, has signed a protocol of intent with the Brazilian Paraiba State for the planned construction of a 237.5 MW Phase 2 of the Serra do Serid...
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June 03, 2022
Suzano signs 50 MW power purchase deal for Cerrado biomass power plant in Ribas do Rio Pardo
Suzano SA, a Brazilian pulp and paper producer, has signed a 50 MW power purchase deal through a Contract for the Sale of Energy in the Regulated Environment with distribution concessionaires Cem...
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June 03, 2022
Shell plans 10 MW green hydrogen pilot in Rio de Janeiro
Shell Brasil and Porto do Açu have signed MOU for the joint construction of a green hydrogen facility in Rio de Janeiro state, Brazil. The companies will develop a 10 MW green hydrogen pl...
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