Brazil Solar Joint Venture Launched by Neoenergia, Comerc Energia

• Neoenergia and Comerc Energia partner to invest R$500 million in solar energy projects, aiming to reach 1.4GW of installed capacity by 2025. Join the effort to help Brazil reach its renewable energy goals.

It aims to have a total installed capacity of up to 1.4 gigawatts (GW) by 2025. Neoenergia and Comerc Energia have signed an agreement to form a joint venture focusing on the development and operation of distributed generation (DG) solar projects in Brazil. The new entity is owned equally by the two parties, and the total investment is estimated up to R$500 million. The JV will target photovoltaic (PV) systems in five states with an aim to have a total installed capacity of up to 1.4GW by 2025. This move by the two Brazilian partners is expected to support the local solar sector, and help in achieving Brazil's renewable energy targets.

What Is Neoenergia & Comerc Energia's Joint Venture Aiming to Achieve by 2025?

• The joint venture is aiming to provide solar energy to five states in Brazil by 2025.
• Neoenergia and Comerc Energia have equally invested an estimated R$500 million into the joint venture.
• The total installed capacity for the joint venture is expected to reach up to 1.4GW by 2025.
• The joint venture will focus on deploying distributed generation (DG) solar projects and developing PV systems.
• The move is expected to support the local solar sector and help achieve Brazil's renewable energy targets.