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GE to provide CdTe panels, inverters, BOS components for expansion of Brazilian solar power plant

Financials

  • GE
    NYSE
    26.62
    -0.40 (-1.48%)
    4:00PM EDT

GE has entered the Brazilian solar market with its new agreement signed with MPX, a division of EBX Group. GE will provide a 1MW solar power plant to the Brazilian company using its CdTe thin-film panels, Brilliance inverters, transformers and SunIQ monitoring and control system. The companies’ agreement will double the output of MPX’s plant, which covers an area of 129,166 square feet.

MPX’s plant in Taua, Fortaleza, Ceara state currently uses 4,680 solar panels with a 1MW capacity. The plant has been authorized by the National Electrical Energy Agency (ANEEL) and licensed by the Ceara state Environment Department (SEMACE) to expand its capacity up to 5MW. The project between GE and MPX is anticipated to reach 50MW with a continued partnership fostered between the two companies.

“Today’s announcement with MPX signals our entry into the Brazilian solar industry,” said Marcelo Soares, president and CEO of GE Energy Latin America.  Eduardo Karrer, the CEO of MPX, continued, “MPX is a pioneer in solar energy in Brazil and has invested in developing solar energy for the medium and long term. Working with GE, we plan to grow our business at this plant to 50 MW.”

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