Elecnor protects EPC contract for 359-MWp solar plant in Brazil
- Spanish framework home builder and concessionaire team Elecnor SA (BME: ENO) revealed today it has won a contract to develop a 359.12-MWp solar farm in Brazil.
The job was granted to Elecnor by Latin America-focused Atlas Renewable Energy.
Elecnor will act as the complete engineering, purchase and also building (EPC) provider for the Lar do Sol-- Casablanca project in the state of Minas Gerais. The solar farm will inhabit 690 hectares (1,705 acres) of land in Pirapora community where a total amount of 676,000 bifacial modules will certainly be set up. The plant is seen to be completed by end-2022.
At the start of May, Atlas safeguarded a USD-150-million (EUR 123m) financing from IDB Invest and Norway's DNB Financial institution ASA for the building of the particular facility.
When in operation, the facility will provide 805 GWh annually to mining international Anglo American's (LON: AAL) operations in Minas Gerais. This is the biggest power purchase arrangement (PPA) signed with a private off-taker in Brazil and indexed to the US buck, Atlas said formerly.
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