Ceará Solar Power Plant, Covering Area Equivalent to 800 Soccer Fields, Receives New Investments Amid Water Crisis

High Investment in the Ceará Solar Energy Complex Promises to Supply About 970 Thousand Families

The ‘Alex’ Solar Complex, located between the municipalities of Limoeiro do Norte and Tabuleiro do Norte in the state of Ceará, received an investment of R$ 950 million amid the water crisis. The park has an installed capacity of 360 MW, generating enough energy to supply 970 thousand residences. With the severe water crisis, the demand for solar energy has been increasing more and more as a way to escape the rising costs of utility rate flags applied to the electricity bill.

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Million-Dollar Investment in the Ceará Solar Energy Park Will Generate Thousands of New Jobs

In choosing the location for the construction of the solar energy park, solar incidence was taken into consideration, which is why entrepreneurs and government officials prefer to build their solar parks in areas where the sun predominates throughout the year, with few cloudy days.

Moreover, there is a strategic aspect: to build a park that is close to a transmission line, so all generated energy is directly sent to the interconnected system that distributes it throughout Brazil.

The Northeast region is the favorite for building solar energy parks, precisely for the aforementioned requirements. States like Ceará, Bahia, and Sergipe are the most sought after for investing in the construction of these parks.

Solar Energy Complex ‘Alex’ Begins Operation Amid Water Crisis

The energy company Elera Renováveis, part of the Brookfield group, took advantage of the water crisis moment in Brazil to invest around R$ 4 billion in new hydroelectric, wind, and solar projects, with the expectation that by 2023 all will be fully operational.

According to Fernando Mano, CEO of the company, the Alex Complex is the first solar energy park of Elera Renováveis to enter operation in the Brazilian market. Fernando also mentioned that the grandeur of the park is not just about its solar energy generation capacity – which will serve almost 1 million residences – but can also be seen in the investment made in the complex, which occupies an area of 830 hectares, equivalent to more than 800 football fields.

Additionally, the CEO of Elera highlighted more than 1,600 direct jobs and 3,000 indirect jobs created for the population of the state of Ceará during the construction and operation phases of the complex.

Official Launch of the Solar Complex

In addition to the CEO of Elera Renováveis, Fernando Mano, the launch event of the new electric energy park in Ceará will also have the presence of the Governor of the State of Ceará, Camilo Santana, from the PT party.

Investing in solar power generating parks in Brazil means more quality of life, quality energy, and a possible reduction in consumers’ electricity bills, as well as many job opportunities.

Learn More About Elera Renováveis

Elera Renováveis is a branch of Brookfield Asset Management, a company that currently operates in more than 30 countries and has high-level prominence in commercial real estate, infrastructure, private equity, and especially in renewable energy generation, where it stands out as one of the leading companies in this segment worldwide.