Ibitu Energia's 252-MWp solar complex in Brazil currently totally functional

• Brazilian renewable resource firm Ibitu Energia stated recently its 252-MWp solar power complex in the northeastern Piaui state has actually reached complete commercial operation.

The Caldeirao Grande 2 complex includes seven solar parks capable of creating sufficient power to fulfill the intake of more than 280,000 regional homes.

The solar (PV) project was funded by regional lender Banco do Nordeste do Brasil SA (BVMF: BNBR3), additionally called BNB, with a BRL-429-million (USD 83m/EUR 78.5 m) lending. Ibitu Energia supplied an added BRL 334 million.

According to its website, Ibitu Energia's renewable resource portfolio contains 5 wind farms, three solar parks as well as 2 hydropower plants (HPPs) with an integrated capacity of 849.8 MW. The renewable energy facilities are spread throughout the Southeast, Central West and also Northeast areas.