The Brazilian solar company will invest around 100 million BRL (around $30.7 million) in five solar facilities in the Brazilian state of Tocantins.
Solar will have the same ceiling price as thermoelectric and biomass power projects, while wind and hydro will have a maximum price of $83/MWh and $85/MWh, respectively.
Settlement of securities lawsuits is the final step before the Canadian asset manager can consummate the acquisition of the second of SunEdison’s former yieldcos.
The solar panel manufacturing facility will be located in the state of Rio Grande do Norte and will serve Brazil and other markets in Latin America.
Canadian Solar Inc, and EDF Energies Nouvelles have announced that their 191.5 MWp Pirapora I and Pirapora III 92.5 MWp solar energy plants in brazil, totalling 284 MW were connected to the grid in November 2017.
The German technology firm has bagged orders for the turnkey electrical equipment and installation of two solar farms in Brazil and Pakistan. In addition, it announced the end of its cooperation with German inverter specialist SMA by the year’s end, and plans to manufacture its own inverters.
The Brazilian bank has agreed to finance three PV projects totaling 350 MW of the Italian energy giant Enel, and a 132 MW project under development by Norwegian companies Scatec Solar and a Statoil.
The Brazilian government is preparing to contract new large-scale PV projects in a new auction to be held in December. The president of the Brazilian solar association ABSOLAR has explained to pv magazine details of the new competition and has also described the future scenarios of utility-scale solar in Brazil.
Government-run agency EPE had already pre-selected PV projects totaling 18 GW for the contest, which will be held on 18 December.
The Norwegian oil company has also formed a 50/50 joint venture with the fellow solar developer to build and operate large-scale PV plants in Brazil.
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