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Cashing In On Solar Energy, BNDES Incentivizes The Construction Of Three Solar Power Plants In São Paulo, More Specifically In The Municipality Of Pedranópolis.
BNDES is celebrating the approval of an investment of over R$ 190 million for the construction of three solar power plants, with an installed capacity of 90 MW, generating enough renewable energy to supply over 120 thousand households.
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The investment in solar energy has a considerable benefit for society, the economy, and primarily for consumers. In Brazil alone, investment in solar energy reaches R$ 4.8 billion, and solar energy in the distributed generation model has become one of the most attractive areas for both domestic and foreign capital in the country.
BNDES Investment In Solar Power Plant Projects 2021
The BNDES solar energy project will be implemented in the municipality of Pedranópolis, northwest of São Paulo, and is expected to generate jobs for over 1,400 people. The start of operations is scheduled for December 2021.
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The Pedranópolis Photovoltaic Complex is an investment by Powertis, a Spanish company that belongs to the same group as the solar panel support manufacturer Soltec Brasil. This is the second investment from BNDES for solar generation for the company. In October, BNDES also approved credit for the construction of the Araxá Photovoltaic Complex in Minas Gerais, with an investment value of over R$ 190 million.
BNDES’s investment in the implementation of these solar power plants aligns with the National Plan on Climate Change, aimed at reducing greenhouse gas emissions in the atmosphere.
