Brazil's Council of Economic Defense (CADE) has approved the creation of a joint venture (JV) between German renewables developer Sowitec Group GmbH and Norwegian Hydro Energi Invest AS for the development of a floating solar project that will be located at the lake of Tucurui, state of Pará, Brazil
The JV will work to develop and obtain the rights for a mass photovoltaic (PV) array at the Tucurui Hydropower Plant (HPP).
Sowitec has been working in several Brazilian states and follows its business model for the transactions. While Norwegian Hydro Energi Invest AS emphasizes that replacing the use of energy from oil and coal sources is an opportunity to increase the renewable energy sources in Para state.
Antitrust authorities in Brazil, one of several authority permits necessary to establish the project, has approved the joint venture on May 6, 2019. Hydro and Sowitec expect that it will take around two years before the project can be in a profitable way.
Country updates
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May 30, 2019
Vestas secures 147 MW order of V150-4.2 MW turbines for EDF's Folha Larga wind project in Brazil
EDF Renewables in Brazil has placed an order with wind turbine maker Vestas Wind Systems for the 147 MW Folha Larga wind park to be located at the municipality of Campo Formoso, in the state of Bahia....
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May 27, 2019
Brazil Supreme Court minister holds up sale of TAG pipeline
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Sterlite Power signs concession deal for the Pampa Project in Rio Grande do Sul
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Iberdrola completes 350 MW hydroelectric project in Brazil
The Iberdrola group, through its subsidiary Neoenergia, has inaugurated the Baixo Iguaçu hydroelectric power station located on Iguaçu river in the state of Paraná, Braz...
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May 23, 2019
Brazil inaugurates solar PV project in Ceilandia Norte
The Government of Brazil has inaugurated the solar project developed on a 12 hectares of land in Ceilandia Norte, Brasilia. The facility is developed under the Public-Private Partnership (...
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