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.


Israel Group Buys 160 mln Euro Wind Farm Project in Europe

An Israeli group agreed to buy the rights to a 105 MW wind turbine project


An Israeli group has agreed to buy the rights to a 105 MW wind turbine project in advanced development in central Europe that would cost 160 million euros ($180 million) to build. Enlight Renewable Energy and partner Migdal Insurance said they expect to fund the project with debt of up to 70 percent and are in talks for project financing. The group did not say where exactly the turbines were being built.