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Investments Will Provide Clean and Renewable Matrix Through the Construction of a Solar Power Complex in Minas Gerais
In Minas Gerais, a major investment in the solar energy market has been established by Brookfield Energia Renovável in partnership with the Spanish multinational Solatio. The contract signed between the companies will allow for the construction of 20 solar parks in the state.
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The investment amount is R$ 3 billion for the construction of a solar complex that will occupy an area of more than 3,000 hectares in the city of Janaúba, Minas Gerais. The installed capacity of the complex is 1.2 GWp from Brookfield Energia Renovável.
The construction works are scheduled to start in 2020, and completion is estimated for 2022 or 2023. In total, there will be 20 solar power parks in the final development phase, expected to supply approximately 1.2 million residences in Minas Gerais.
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The contract between the companies for the solar power complex in Minas Gerais is subject to customary closing conditions and is expected to be finalized by the fourth quarter of 2020, according to a statement to Portal Solar.
About Solatio Solar Energy
With over 20 years of experience in the photovoltaic sector and more than 120 projects in Europe, Solatio has been in Brazil since 2009 and is the largest solar project developer in Latin America.
It has developed over 6 GW, making it the most competitive in all respective sectors: ACR (Regulated Contracting Environment), ACL (Free Contracting Environment – Free Market), and GD (Distributed Generation).
At the end of last year, the company announced that it would invest R$ 21 billion by 2023 in solar power plants in Minas Gerais. “The idea was to produce 6,430 MW over the next four years, equivalent to the power of the Itaipu Binacional hydroelectric plant,” it stated.
Braskem Signed Long-Term Agreement with Canadian Solar, Enabling the Construction of a Solar Plant in Minas Gerais
Braskem announced to the Brazilian market yet another long-term contract for the purchase of renewable energy, this time with Canadian Solar Inc., one of the largest solar companies in the world. The agreement makes it feasible to construct a plant in Northern Minas Gerais and guarantees energy supply for Braskem for 20 years. Learn more here.
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