The funds will be devoted to large-scale wind and solar projects across Brazil.
The auction will be held in November. Under the auction’s new dispostions, solar projects will be able to sell power to more entities, while prior to these new rules the only buyer was state-owned electric utility CFE.
The combined capacity of these installations has reached approximately 78 MW. The state with the highest number of PV systems under net metering is Minas Gerais.
The Chinese module manufacturer intends to invest 112 million BRL ($35.2 million) in the manufacturing facility.
Brazil’s third biggest electric utility company has set up Envo, a new unit offering residential and commercial PV solutions under net metering. The offer includes a financing option with Banco Santander.
The project consists of a 76 MW unit selected in an energy auction, and a 25 MW section selling power to a local power distributor.
The Mexican government announced the timeline for the upcoming renewable energy auction. Technical bids must be submitted in September.
The PV plant is one of the country’s first merchant solar projects after the energy reform was introduced. The project’s required investment was $14 million.
The assessment was conducted by Brazil’s energy agency Empresa de Pesquisa Energética (EPE). These projects are expected to be particularly suitable to regions with a low degree of grid integration.
The Caribbean country is seeking to accelerate its transition to clean energies, and to benefit from funds from the Green Climate Fund. Meanwhile, the government is also seeking to improve net metering for residential and commercial PV.
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