Innova Energy plans to develop a 5 MW solar park in Brazil. The BRL22 million (US$6 million) facility will be installed in Uberaba municipality, Minas Gerais state. Initial cost of the scheme is worth BRL4.5 million (US$1.17 million).
The solar farm is expected to produce 650,000 kWh monthly, enough to meet the demand of 750 households.
Commercial operation is scheduled in the first half of 2019.
Country updates
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November 26, 2018
EDF Renewables and Canadian Solar secure US$373 M financing on Pirapora solar
EDF Renewables and Canadian Solar Inc. announced has successfully raised a total of BRL1.39 B Brazilian(US$ 373 M) via multiple project finance sources for their jointly-owned 399 MWp Pirapo...
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November 26, 2018
IDB Invest and Inter-American Development Bank secure financing for 192 MW solar PV project in Brazil
The 191.5 MWp Pirapora I solar power project raised BRL$239 million (US$64 million) of infrastructure debentures through private placement to accredited institutional investors. The debentures have...
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November 21, 2018
BNDES approves R $ 5.2 billion for Belo Monte HPP transmission line to RJ
BNDES approved a financing of R $ 5.2 billion for XRTE for the implementation of a transmission system that will to connect the Xingu (PA) Converting Station to the Rio Terminal Converting Statio...
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November 21, 2018
Brazil permits combined 132 MW solar projects to start test operations
Brazil's power sector regulator Aneel has given its permission for Solairedirect to start test operations of Solaire Paracatu I, II, III and IV photovoltaic (PV) parks located in Minas Gerais stat...
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November 20, 2018
FS Bioenergia begins construction of 530-million-liter bioethanol project in Brazil
FS Bioenergia began construction of its second corn-ethanol plant in Brazil. The project is located in Sorriso, Mato Grosso state, west-central Brazil. The project uses biomass from a 30,000-hect...
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