brazil

Independent power producer (IPP) Scatec has secured BRL150 million (US$27 million) for its 142MW solar PV plant in Minas Gerais, Brazil. 

Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.

Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.

Brazilian mining giant Vale has sold a 70% stake in a renewable power portfolio in the country, generating around US$1 billion in cash.

Solar PV growth is expected to slow down in Brazil and Chile due to ongoing issues of curtailment and transmission infrastructure.

The Brazilian government has raised the import tax rate on solar modules this week (12 November) from 9.6% to 25%.

Voltalia has published its financial results for the first half of 2024, which include a 28% increase in turnover compared to H1 2023.

The Brazilian Development Bank (BNDES) has raised R$1.14 billion (US$200 million) to support the development of 402MW of new solar capacity.

Seraphim will ship 300MW of modules to Vertys, predominantly 585W n-type tunnel oxide passivated contact (TOPCon) and 610W rectangular-cell modules.

PV Cycle said it will financially support SunR’s expansion in Brazil and the wider LATAM region and as part of its ongoing business development plan.