25 Nov '14, 3pm

SunEdison Targets Brazil with $30 Million Solar Module Plant

“Brazil, together with Mexico, will drive a significant part of the company’s growth,” Perez said at a press conference in Sao Paulo. “Renewable energy will be responsible for 60 percent of total new generation in Latin America in the coming years and we want to satisfy these countries’ growing demand.” Brazil gets less than 1 percent of its electricity from solar power and has almost no domestic photovoltaic production. The government has set a goal of 3.5 gigawatts of solar capacity in operation by 2023, producing about 1.8 percent of the country’s energy. In a joint venture announced today, Maryland Heights, Missouri-based SunEdison and Renova Energia will initially develop and operate four solar power plants with a total installed capacity of 106.9 megawatts in Bahia state by 2017. The goal is to invest around 5 billion reais ($ 1.9 billion) to build projects with 1 gi...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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