Chaori Solar and S4 Clean Energy plan 272MW PV plant in Brazil

Facebook
Twitter
LinkedIn
Reddit
Email

Shanghai Chaori Solar Energy Science & Technology, a Chinese PV module manufacturer, has signed a cooperation agreement with Brazil-based S4 Clean Energy Projectos Esolucoes Sustentaveis to construct up to 272MW of PV plants in Brazil.

No further details have been unveiled but it is understood that the companies will cooperate on the development of the project over the next three years until 31 December 2015.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The companies will also establish a joint venture in the country which will have a registered capital of BRL3 million (US$1.44 million). Chaori Solar has invested BRL1.2 million into the venture which gives it a 40% share whilst S4 Clean Energy will contribute BRL1.8 million which will give it a 60% share.

The joint venture will be involved in the development, construction, operation and sale of solar power plants including the development of the 272MW projects. It will also establish a new production line in Brazil to process semi-finished modules. These locally produced products will enable the company to enjoy certain benefits from local taxations.

Chaori Solar will seek to increase the sale of its modules and, in turn, the company’s revenues through the gradual implementation of the PV projects in Brazil.

Chaori Solar is just one of a number of Chinese solar companies keen to develop PV plants outside of China following a serious oversupply of PV modules in the domestic market in 2011.

According to China’s National Development and Reform Commission as cited by China.org.cn, 15 overseas solar projects were approved in October. However, an industrial analyst stated that Chinese companies may face a number of challenges expanding overseas following probes into Chinese module manufacturers as a result of the ongoing solar trade war.

Read Next

Premium
July 15, 2025
Virtual power plants are emerging as a potentially critical means of meeting the growing power demands from data centres in the US.
July 15, 2025
D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico.
July 15, 2025
The US Department of Commerce (DoC) has initiated an investigation into the imports of polysilicon and its derivatives.
July 15, 2025
Indian renewable energy company SAEL Industries is developing a 5GW solar cell and 5GW module manufacturing facility in Greater Noida, Uttar Pradesh.
July 15, 2025
Greater policy clarity will be needed if Germany is realise its FPV potential, according to a report from Fraunhofer ISE.
July 15, 2025
Poland has awarded 1.6GW of solar PV in this year’s renewable energy auction, according to the country’s Energy Regulatory Office.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK