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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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    UK Government grants consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm

    New DNV GL class rules for floating offshore wind energy expands industry horizon

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

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    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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SunEdison and Renova Energia form JV for 1GW solar PV development in Brazil

in Africa, News, Renewable Power, Solar Energy

Solar power manufacturer SunEdison has formed a joint venture (JV) with Brazilian renewable energy firm Renova Energia to develop, own and operate 1GW of utility scale solar photovoltaic (PV) energy for the regulated electricity market in the South American country.

The two power firms will have 50:50 shares in the JV.

Four utility-scale solar PV plants will be developed by the firms in Bahia state, Brazil by 2017.

According to its contracts with the Brazilian energy commercialisation authority, Camara Comercializadora de Energia Electrica (CCEE), the JV needs to install 106.9MW of solar power in the country.

“Rennova’s joint venture with SunEdison positions us as the best entity to serve the needs of the Brazilian renewable energy market.”

CCEE awarded the contracts for solar power constructions through the 2014 Reserve Supply Auction (2014 LER), which was the nation’s first renewable energy auction.

SunEdison will deliver solar modules and trackers for facilities, which will be assembled in Brazil.

Brazilian Development Bank (BNDES) will fund construction of the power plants.

Renova president Mathias Becker said: “Renova’s joint venture with SunEdison positions us as the best entity to serve the needs of the Brazilian renewable energy market.

“This opportunity to enter the solar energy market has been two years in the making, and we’re excited to see the tremendous support from the Brazilian local and state authorities in developing this and other opportunities for utility scale solar.”

SunEdison EMEA and Latin America president Jose Perez said: “Aligning the best partners, financiers, and products in a joint venture like this ensures cost competitive, clean energy for the local utility.

“This agreement reinforces our leading position in Latin America.”

Brazil intends to embrace renewable power to meet its national energy requirements. SunEdison and Renova are expected to support the nation’s push towards solar power generation.

Tags: SunEdison and Renova Energia form JV for 1GW solar PV development in Brazil
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