SunEdison is set to build a PV panel manufacturing plant in Brazil.
The U.S. company will produce the panels for use in solar farms that it plans to build in the country, according to Reuters, which cited Luis Pita, SunEdison's general director for Brazil.
SunEdison will decide on the location and size of the new plant in the coming weeks, Pita said.
The Missouri-based company operates a joint venture with Brazil's Renova Energia SA, with which it is looking to build PV farms in the country. The SunEdison-Renova JV has secured licenses for 167 MW of new PV installations that are expected to begin producing power by 2017.
"Our target is to achieve at least 1 GW in solar projects in association with Renova in four or five years," Reuters quoted the director, who spoke to reporters at a conference in Sao Paulo. Pita added that the new plant would likely be delivering panels by 2016.
News of SunEdison's plans follows the opening last week of Globo Brasil's PV module factory in the state of São Paulo — the biggest yest in the country.
To date, only factories which produce PV modules, not cells, or wafers, have been built in the nation.
Although Brazil only has 25 MW of PV capacity, the figure is expected to increase in the coming years, with 2 GW of solar projects already approved in solar auctions.
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