Enel starts operations at Brazil’s two largest solar projects

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
This includes the 254MW Ituverava plant and the 292MW Nova Olinda solar plant. Credit: Enel Green Power

Enel subsidiary Enel Green Power Brasil Participações (EGPB) has started operations for 546MW of solar PV projects in Brazil.

This includes the 254MW Ituverava plant, located in the municipality of Tabocas do Brejo Velho, in the north-eastern state of Bahia, as well as the 292MW Nova Olinda solar plant, located in the municipality of Ribeira do Piauí, in the north-eastern state of Piauí. Both are the largest PV projects in the country to date.

Enel invested roughly US$700 million in the construction of both plants mainly through its own capital. This was also supported by long-term financing provided by Banco do Nordeste for Nova Olinda. Meanwhile, Ituverava was supported by long-term financing provided by Bank of China and Santander, backed by China Export & Credit Insurance Corporation (Sinosure) and guaranteed by Enel.

The 292MW Nova Olinda contains 930,000 solar modules across 690 hectares and will be able to produce more than 600GWh per year once fully operational, enough to power the equivalent of 300,000 Brazilian households.

The 254MW Ituverava plant includes 850,000 panels over 579 hectares and once fully up and running will be able to produce over 550GWh, for the equivalent of 268,000 Brazilian households.

Both the solar parks have 20-year power purchase agreements (PPA) with the Brazilian Chamber of Commercialisation of Electric Energy (Câmara de Comercialização da Energia Elétrica, CCEE).

EGPB has also introduced so-called creative recycling workshops in the nearby areas for local communities to learn to manufacture furniture from materials used in the solar construction works, such as pallets. The firm is providing similar workshops for a 754MW development in Mexico, set to be the largest PV project in the Americas.

Enel now has 716MW of solar PV installed in Brazil.

Antonio Cammisecra, head of Enel Green Power: “The start of operation of Nova Olinda and Ituverava is a major milestone for our presence in Brazil since it confirms our leadership in the country’s photovoltaic market, as well as our commitment and ability to quickly and efficiently deliver the projects we are awarded. With our projects and expertise, we can boost the development of Brazil’s photovoltaic sector with the aim of further strengthening the increasingly key role that solar power is playing in the diversification of the country’s generation mix and in meeting its growing energy needs”.

Read Next

June 14, 2021
Asia boasts a growing number of markets with solar development pipelines in excess of 1GW, a new report by Fitch has found, with the region dominating the consultancy’s project database analysis this year.
May 25, 2021
Mining company Vale has chosen Nextracker to supply its NX Horizon solar trackers for the Sol de Cerrado solar project in the Brazilian state of Minas Gerais.
May 13, 2021
The solar module manufacturing subsidiary of Italian utility Enel is aiming to scale up annual production capacity to 3GW in the second half of 2023, the company has confirmed.
May 7, 2021
Latin America-focused solar developer Atlas Renewable Energy has obtained a US$150 million loan to finance the construction of its 359MWp Lar do Sol - Casablanca PV project in Brazil.
April 23, 2021
Solar services provider Greencells has formed a joint venture with Italian developer Renewable Consulting to develop a 350MWp solar project portfolio in Pugila.
April 21, 2021
International renewables developers are rushing to secure projects in Brazil before the government takes away subsidies for new solar and wind farm installations next year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021