Cubico acquires 1GW solar PV project in Brazil

Facebook
Twitter
LinkedIn
Reddit
Email
The agreement covers of a 1GW solar PV complex located in the state of Ceará. Image: Cubico.

Renewables investor Cubico Sustainable Investments (Cubico) has signed an agreement with energy solutions platform ZEG Energias Renováveis (ZEG) to acquire a developing solar PV project in Brazil. 

The transaction consists of a 1GW solar PV complex located in the municipalities of Sobral and Santana do Acaraú in the state of Ceará. According to Cubico, the project is expected to generate more than 2,000GWh a year, and it is said to be one of the largest solar development projects in Brazil. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Both Cubico and ZEG will co-develop the project, including the negotiation of supply contracts and offtake agreements with third parties.

“We see this as the start of an exciting partnership with ZEG, where we combine Cubico’s global in-house development capability, construction and operational experience and proven financing track-record with their expertise on renewable projects development and energy commercialisation in the local market,” said Francisco Moya, country head of Brazil and rest of Latam at Cubico.

He added that the project is Cubico’s first investment in solar assets in Brazil. At the same time, the company will be actively looking to grow its portfolio through the acquisition and development of other PV and onshore wind projects.

ZEG’s CEO Daniel Rossi added: “Project Sobral will increase our availability of renewable energy to consumers and clients interested in decarbonising their production process.”

Last year, Cubico signed an agreement with technology provider Fluence to optimise the performance of 350MW of solar PV in El Llano, Mexico. The contract continued an ongoing collaboration between the companies, with 626MW of solar assets being monitored and analysed across the US and the EU so far.

Read Next

September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines