The group’s local unit AES Tietê, which specializes in hydropower production, has bought a project selected by the Brazilian government in the second 2015 auction. The compnany is now seeking to transfer the project from Pernambuco to São Paulo.
An area of around 2.5 million square meters will be leased for a PV project with a maximum capacity of 100 MW.
The $625 million program, which is being financed by the World Bank, will provide private developers with financing for viable grid-connected rooftop PV projects.
The California-based equipment supplier sold one Matrix solar ion implant system and two Energi solar implant systems during the second quarter of this year.
The $165 million PV plant will be constructed by local company KBEnterprises with the support of ABB.
The Nova Olinda project will be located near Ribera do Piauí, in the microregion of Alto Médio Canindé.
A study from the University of California and TU Munich in Germany shows that long-term R&D spending played a critical role in achieving cost reductions.
The solar facility will sell power to local utility Ceylon Electricity Board under a long-term PPA. Bids must be submitted by August 15.
The Chinese low-voltage electrical products provider will install the giant solar array on the rooftop of Alibaba’s new logistic center in China.
The Japanese equipment provider also reported a profit of JPY 446 million ($4.0 million) for the first three quarters of the current fiscal year.
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