Brazil's Lisarb Energy indications lease for 20 MW of solar projects

• Brazilian solar developer Lisarb Energy has actually authorized 15-year lease contracts for 20 MW of brand-new solar parks with local sugar and also ethanol manufacturer Raizen.

Lisarb today said that it plans to spend USD 20 million (EUR 16.5 m) to develop 4 brand-new 5-MW photovoltaic (PV) projects. Two of them are to be found in the state of Rio de Janeiro, one in Goias and also one in the nation's Federal District.

"Raízen has established a management setting in bioenergy throughout Brazil as well as we're delighted to assist the company add to its comprehensive energy portfolio with brand-new solar," stated Jamie MacDonald-Murray, Lisarb Energy chairman.

The business expects to have the projects finished as well as appointed by March 2022.

Once up and running, the brand-new plants must be able to create 38,700 MWh of eco-friendly electricity per year throughout of the agreements.

Up until now, the Brazilian solar firm has secured land for 3 GW of PV projects at home, according to the statement.

Solar power is anticipated to represent 38% of the Brazilian electrical energy mix by 2050, producing 125 GW, Lisarb claimed pointing out projection from neighborhood solar energy organization ABSOLAR.

Raizen is a joint venture between Brazilian sugar, ethanol and also fuel industry gamer Cosan SA (BVMF: CSAN3) and also Royal Dutch Shell Plc (AMS: RDSA).