Powertis breaks ground on two solar parks in Brazil totalling 225MW

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: Soltec.

Powertis has started construction work on two PV plants in Brazil that each have a capacity of 112.5MWp and are the Spanish developer’s first solar projects in the South American country.

The Pedranópolis and Araxá plants, located in the states of São Paulo and Minas Gerais respectively, will feature trackers from Powertis’s parent company, Soltec, which will also provide assembly and construction services.

Construction of the projects follows agreements that Powertis secured late last year with Brazil’s Banco Nacional de Desenvolvimento Econômico e Social, which approved financing for both plants, consisting of BRL191 million (US$34.4 million) for Pedranópolis and BRL194 million (US$34.9 million) for Araxá.

With a combined capacity of 225MW, the two plants are expected to create more than 2,800 direct and indirect jobs.

Soltec Power CEO Raúl Morales said with the construction of the projects, the company further strengthens its position in Brazil, a market “with great potential”.

After announcing plans for 765MW of solar in Brazil in 2019, Powertis’s project portfolio in the country now totals more than 2GW, which is in various stages of development. The firm also has 2GW in Spain, thanks in part to a collaboration with oil major Total, and more than 1 GW under development in Italy.

Soltec revealed in its 2020 financial results announcement – the company’s first since concluding its initial public offering process last October – that Powertis’s pipeline is expected to reach 10GW by the end of this year, with the unit set to enter markets such as the US and Colombia.

Increased project costs and project delays as a result of the coronavirus pandemic meant that Soltec posted a €4.9 million (US$6 million) loss last year. The company’s tracker business did, however, end 2020 with record operating indicators, with a backlog of 1,891MW and a pipeline of 24,340MW.

Read Next

April 9, 2021
A draft proposal put forward by China’s National Development and Reform Commission could see subsidies for new solar projects phased out, starting this year.
PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.
April 7, 2021
Spanish renewables firm Ecoener has become the latest Spanish renewables company to plan an Initial Public Offering (IPO).
March 31, 2021
Danish renewables developer European Energy is expanding its operations into the US market, announcing plans for a 300MW solar project in Texas.
March 30, 2021
A round-up of project updates from across the global solar industry, including updates from Israel's Shikun & Binui, independent power producer Sonnedix and UK-based Hive Energy.
March 24, 2021
Activity in the UK’s utility-scale solar market has continued to ramp after renewables majors Statkraft, EDF and Lightsource bp all unveiled new projects.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET
Solar Media Events
May 11, 2021