Solatio to Invest USD 853m in 650-MW PV Project in Brazil

Renewables.seenews, Feb 22 2016

Spanish renewable firm Solatio Energia will invest about BRL 3.4 billion (USD 853m/EUR 773m) in a 650-MW solar project in Brazil’s Minas Gerais state. The project, which consists of four solar farms that represent about 20% of all the solar energy contracted by the company in Brazil, will receive support from the Minas Gerais state government. This project alone, being a partnership with Canadian Solar Inc, will require investments of some BRL 1.6 billion. The other three plants will be constructed in Guimarania, Vazante and Paracatu. Together, the four facilities will have the capacity to produce about 1.5 million MWh per year.

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