Brazil's Ceara state gives enviro authorization for 4.6-GW solar project

• The Brazilian state of Ceara on Friday approved ecological approval for a 4.6-GW solar photovoltaic or pv (PV) project which will generate power for the production of green hydrogen in Brazil's northeast.

The approval was offered by Ceara's state council on the environment Coema.

The Kuara Solar Complex is being developed by Brazilian energy firm Omega Energia SA (BVMF: MEGA3) in the municipalities of Aracati and Icapui. The PV complex will consist of 8 million photovoltaic panels, covering a location of some 8,000 hectares (19,768 acres).

No financial details was divulged in the press release.

According to the local government, Kuara's output will certainly be used to power a green hydrogen plant that a unit of Australian Fortescue Metals Group Ltd (ASX: FMG) is planning to integrate in the northeast of Brazil.

Last month during the COP 27 summit in Egypt, Ceara and also Fortescue Future Industries (FFI) reaffirmed their strategy under which large-scale green hydrogen production might begin in the state as very early as 2027.

The usefulness research studies on the project are underway as well as if the results declare, FFI anticipates to make a last financial investment decision by 2024.

Under the take care of the Australian capitalist, the state of Ceara has actually vowed to urge large-scale investments in the development of a green hydrogen center in the Pecem Industrial and also Port Complex, as well as to assist supply investment and legal certainty.