Major downstream renewables firm, SunEdison is to build a PV module assembly plant in Brazil, Reuters has reported.
The Reuters report said a decision on the capacity and location was due in the next few weeks, quoting Luis Pita, SunEdison’s local director.
Last November, SunEdison and Brazil’s largest renewable energy company, Renova Energia S.A. formed a JV to build 1GW of PV power plant projects in Brazil, while winning bids in Brazil’s first PV auction of 106.9MW.
The solar power plants were to be financed by the Brazilian Development Bank (BNDES), which requires a level of local content compliance.
Assembling modules in Brazil is the cheapest option with respect to capital expenditure.
SunEdison is currently a fabless company, subcontracting under OEM arrangements with a number of solar cell and module assembly firms around the world.
The planned module assembly facility in Brazil would likely be supplied monocrystalline solar cells from existing SunEdison suppliers in China, Taiwan and South Korea.