Italy-headquartered renewables developer, Enel Green Power (EGP), has begun work building two PV power plants totalling 11MW in Brazil.
The two projects, Fontes Solar I and II, will be located in the municipality of Tacaratu, in the state of Pernambuco, and represent the first of a wave of PV power plants set to be built in Brazil.
Pernambuco became a pioneer for the development of PV power plants in Brazil when it held the country’s first solar-only project auction at the end of 2013. The auction sold off rights to build 122MW of PV, with Enel one of a number of other independent power producers to be awarded contracts.
The company said that Fontes Solar I and II would be its largest PV investment in Brazil to date. Once fully operational, the projects’ total output will exceed 17GWh.
EGP will be investing a total of approximately US$18 million to construct the plants, which are supported by a 20-year power purchase agreement.
EGP was also one of the big winners in Brazil’s first national-level solar-only tender, which took place towards the end of 2014 and awarded contracts for almost 900MW of PV capacity.
The low bidding prices for projects in this tender prompted some observers to question whether they would be viable and profitable for developers.
An analysis of PV's progress in Brazil following the 2014 auctions can be found on p.20 of the latest issue of PV Tech Power, available to download for free here.