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The R$ 88 Million Investment by Enel Green Power in the Tabocas do Brejo Velho Solar Park in Bahia Will Enable the Modernization of Equipment to Increase Solar Energy Production in the Region in the Coming Years.
The company Enel Green Power, a subsidiary of the Enel Group, met with the State of Bahia, through the Secretary of Economic Development (SDE), to sign a letter of intent this past Tuesday (08/02). The meeting confirmed the investment of R$ 88 million in the solar park of Tabocas do Brejo Velho, a municipality in the interior of Bahia, to expand energy production with new improvements to the local infrastructure.
Bahia Government and Enel Green Power Establish Partnership for R$ 88 Million Investment in Increasing Production at the Tabocas do Brejo Velho Solar Park
As a subsidiary of the Enel Group, Enel Green Power has been increasingly expanding its business portfolio in the national territory and has just established a new partnership with the government of Bahia, this time a letter of intent for a multimillion-dollar investment in the Tabocas do Brejo Velho solar park. The company will invest over R$ 88 million to ensure the necessary improvements in the system and expand energy production in the state.
The company intends to carry out significant infrastructure works to ensure the replacement and modernization of equipment at the solar park, thus aiming to enhance the energy production capacity of the site.
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Additionally, the letter of intent signed between Enel Green Power and the government of Bahia provides for investment in creating job opportunities, thereby ensuring socioeconomic development for the residents of the northeastern state, as the modernization plan will require skilled labor in the energy sector.
“Bahia remains a leader in total solar energy generation, accounting for 30.16% of national generation. The state has enormous potential in both solar and wind energy. Renewable energies transform landscapes, the economy, and create jobs and income for municipalities in Bahia. The SDE offers institutional support and monitoring of the company, from its intention to implement to its installation, providing all necessary support at every stage of the process,” commented José Nunes, Secretary of Economic Development (SDE), regarding the importance of the company’s multimillion-dollar investment in solar energy production.
Multimillion-Dollar Investment in the Tabocas do Brejo Velho Solar Park Will Allow for Equipment Replacement to Modernize Energy Production
During the meeting to sign the letter of intent with Enel Green Power, the Business Development Director at Enel Green Power in Brazil, Jean Philippe Salvatore, discussed the improvement plan and stated that the company’s investment will be focused on modernizing the equipment. Thus, the original inverters will be replaced with more efficient and modern ones in the coming months.
The project will begin in the coming months, and the expected completion of the investment in improvements is slated for early 2023. Bahia currently has a total of 8 solar power plants benefiting the municipalities of Barreiras, Bom Jesus da Lapa, Casa Nova, Guanambi, Itaguaçu da Bahia, Juazeiro, Oliveira dos Brejinhos, and Tabocas do Brejo Velho, with an installed capacity of 1.6 GW.
Furthermore, another 180 solar park installation projects in Bahia are in development, and the state could achieve an installed capacity of about 8.3 GW, according to SDE data. Now, Enel Green Power’s multimillion-dollar investment could drive this plan and benefit the overall economy.
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