Celeo Redes Brasil SL plans to build a solar photovoltaic facility in the state of Piaui with generating capacity of 500 MW.
Celeo Redes in partnership with Dutch pension fund manager APG Management NV will invest up to BRL1.5 billion (US$192.6 million) for the project. APG Management will own a 49% stake in the project while Spanish infrastructure builder Elecnor SA owns the majority of Celeo Redes.
The solar farm will be built between the northern municipalities of Buriti dos Lopes and Bom Principio do Piaui. The project is expected to be completed by January 2025.
Country updates
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April 06, 2021
Vinci to acquire ACS’ energy business
VINCI has signed an agreement to acquire ACS’s energy business. The deal consists in: most of the ACS Industrial Services’ contracting business. With a workforce of around 45,000 emplo...
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March 29, 2021
Neoenergia assembling turbines for 471.2 MW Onshore Wind project in Brazil
Neoenergia is advancing with the installation of the Chafariz Wind Complex, in Paraíba, which will have a capacity of 471.2 MW.
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March 23, 2021
Renova secures BRL362.5 million loan for 400 MW Phase I of Alto Sertao III wind power complex
Renova Energia SA secures debtor-in-possession (DIP) loan of BRL362.5 million (US$63.7 million) to complete the development of the 400 MW Phase A of the Alto Sertao wind farm complex in Bahia.&nb...
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March 23, 2021
Sungrow to supply inverters for 475 MW Sol do Sertao solar project in Oliveira dos Brejinhos
Sungrow will supply the SG3125HV central inverter solution for the implementation of the project Sol do Sertão Solar after an agreement with Essentia Energia, a new Renewable Energy firm create...
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March 23, 2021
Fortescue Future Industries signs MoU with Port of Açu for 300 MW hydrogen plant project
Fortescue Future Industries (FFI) and Port of Açu, a subsidiary of Prumo Logistica, have signed a Memorandum of Understanding (MOU) for the opportunity to develop a hydrogen-based gre...
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