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US-based AES Corp Expands Footprint in Brazilian Renewable Sector

The AES Corporation has agreed to acquire an 18.5% interest in AES Tietê and will own 42.85 percent of the shares in the Brazilian renewable company US-based energy company The AES Corporation has announced that its wholly-owned subsidiary, AES Brasil has agreed to acquire an 18.5 percent economic interest in AES Tietê from BNDES Participações. Under […]

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Brookfield Renewable Announces 1200 MW Solar Project in Brazil

Brookfield Renewable Partners has entered into a binding agreement to acquire a 1200 MW advanced solar development project in Brazil Brookfield Renewable Partners, alongside its institutional partners, has announced that it has entered into a binding agreement to acquire a 1200 MW advanced solar development project in Brazil, which will be targeted for completion in […]

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Atlas and Dow Execute Large-Scale Solar PPA in Brazil

Atlas Renewable Energy along with the American material science firm Dow has announced the signing of a large-scale solar energy contract in Brazil. Atlas Renewable Energy, a leading renewable energy company in Latin America, along with the American material science multinational company Dow has announced the signing of a large-scale solar energy contract in Brazil. The clean energy supply […]

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Canadian Solar Inks 2 PPAs for 274 MW PV Projects in Brazil

Canadian Solar, a leading solar photovoltaic (PV) module manufacturer, has recently entered into two private power purchase agreements (PPA) with Braskem S.A. and COPEL Energia for an aggregate 274 MW of capacity of solar power projects in Brazil. Braskem is a Brazilian petrochemical company and is the largest producer of thermoplastic resins in the Americas. It […]

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Brazilian Solar Industry Feels the Heat of Both Falling Economy, COVID-19

With the rising cost of imports, shrinking power demand and indefinite postponement of auctions amid coronavirus crisis, Brazilian solar photovoltaic (PV) industry is feeling the heat which may likely to impact the momentum of the annual installation. Brazilian PV sector’s annual installation capacity is expected to decline to 0.7 GW in 2020, from 1.3 GW […]

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Brazil Faces Indefinite RE Auctions Delay of Over 51GW Due to Coronavirus

Amid the outbreak of Covid-19, the Brazilian government has postponed the national energy generation and transmission auctions of clean energy comprising more than 51 GW which were scheduled for May this year, for an indefinite time frame, said the report. This includes auctions both A-4 and A-6, as well as tenders for the transmission lines, […]

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Canadian Solar Raises $30 Mn from CPDFund to Develop Solar Farms in Brazil

Nasdaq-listed Canadian Solar has raised USD 30 million in funding from the China-Portuguese Speaking Countries Cooperation and Development Fund (CPDFund). The Canadian solar photovoltaic (PV) modules manufacturer aims to deploy the funding raised for the development and construction of solar projects in Brazil. As of now, the Canadian company has 1.7 GW of solar PV projects developed and awarded […]

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Siemens Gamesa Secures 312 MW Turbine Order in Brazil

Siemens Gamesa has secured its first order in Brazil for its next-generation 5.X platform, to supply 52 of its new turbines for the 312 MW Tucano wind farm. Siemens Gamesa Renewable Energy has announced that it has secured its first order in Brazil for its next-generation platform, the Siemens Gamesa 5.X. Following recent deals to […]

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Sterlite Power Advances Biz Strategy Post Selling 3 Assets in Brazil for About $100 Mn

Sterlite Power, which is among the leading global developers in the power transmission space, has achieved major milestone in Brazil by selling three assets i.e. Arcoverde, Novo Estado and Pampa from its portfolio for about USD 100 million (BRL 566 million). Post divestment of these assets, the company, now, has seven projects in different Brazilian regions, […]

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