PROJECT ROUND-UP: Mining firm plans 766MWp facility in Brazil, ReneSola sells Polish parks

Image: ReneSola.

A round-up of the latest news in solar project development, as Brazilian mining firm Vale plans a 766MWp facility, a 500MW portfolio changes hands in Canada and ReneSola sells Polish parks. 


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

Mining company plans 766MWp project in Brazil

2 December: Brazilian mining company Vale has revealed plans to construct a 766MWp solar PV project that is expected to meet 13% of its estimated electricity demand in 2025.

The US$500 million Sol do Cerrado facility, planned for the Brazilian state of Minas Gerais, will consist of 17 smaller solar parks and is slated for completion by late 2022.

Vale said the addition of solar optimises its generation portfolio in Minas Gerais, as it holds stakes in a range of hydropower projects in the state.

Sol do Cerrado forms part of a US$2 billion investment package by the company to lower its emissions, as it targets a 33% reduction of its direct and indirect emissions (scopes 1 and 2) by 2030.


Renewables developer snaps up 500MW Canadian solar portfolio

3 December: Renewable energy developer Greenbriar Capital has agreed to acquire a 500MW solar portfolio located in the Canadian province of Alberta.

The company has secured a deal with Devon Sandford, president of solar construction firm Northern DC Solar, for the projects, which are at various stages of development.

The agreement comes after Greenbriar earlier this year signed a 25-year power purchase agreement for the 80MW to 160MWac Montalva PV project in Puerto Rico that it says will be the largest solar facility in the Caribbean when complete.


ReneSola sells 16MW of parks in Poland

7 December 2020: PV project developer ReneSola has announced the sale of 16 solar parks in Poland with a total capacity of 16MW.

The projects, which all feature bifacial panels, have been bought by Modus Asset Management, a Lithuanian investment management company focused on renewable energy. All the parks have been awarded a 15-year contract-for-difference support mechanism in Poland.

Josef Kastner, CEO of ReneSola Power's European region, said the company looks forward to future collaborations with Modus, which is aiming to build a Polish solar portfolio in excess of 100MW. “We remain optimistic about our opportunities in Eastern Europe, where a supportive regulatory and financing environment will enable us to grow in the region over the next several years,” he added.

US-headquartered ReneSola announced earlier this year that it aims to have a solar project pipeline of 1GW by the end of 2020. As well as Poland, the company is targeting growth in markets such as Hungary, Germany, France, Spain, the UK and the US.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA