Mining firm plans 766MWp facility in Brazil, ReneSola offers Polish parks

• A round-up of the most up to date information in solar project advancement, as Brazilian mining firm Vale intends a 766MWp center, a 500MW portfolio modifications hands in Canada and also ReneSola offers Polish parks.

Mining firm plans 766MWp project in Brazil

2 December: Brazilian mining firm Vale has exposed plans to build a 766MWp solar PV project that is expected to fulfill 13% of its approximated electricity demand in 2025.

The US$ 500 million Sol do Cerrado facility, prepared for the Brazilian state of Minas Gerais, will certainly contain 17 smaller sized solar parks as well as is slated for conclusion by late 2022.

Vale said the addition of solar optimises its generation portfolio in Minas Gerais, as it holds stakes in a range of hydropower projects in the state.

Sol do Cerrado types part of a US$ 2 billion investment package by the firm to reduce its exhausts, as it targets a 33% reduction of its direct as well as indirect exhausts (ranges 1 as well as 2) by 2030.

Renewables programmer purchases 500MW Canadian solar portfolio

3 December: Renewable power developer Greenbriar Capital has actually agreed to obtain a 500MW solar portfolio situated in the Canadian province of Alberta.

The company has safeguarded a manage Devon Sandford, head of state of solar construction firm Northern DC Solar, for the projects, which go to different phases of growth.

The contract follows Greenbriar earlier this year signed a 25-year power acquisition contract for the 80MW to 160MWac Montalva PV project in Puerto Rico that it says will certainly be the biggest solar facility in the Caribbean when total.

ReneSola sells 16MW of parks in Poland

7 December 2020: PV project programmer ReneSola has actually introduced the sale of 16 solar parks in Poland with a complete capacity of 16MW.

The projects, which all include bifacial panels, have been purchased by Modus Asset Management, a Lithuanian investment management firm focused on renewable energy. All the parks have been awarded a 15-year contract-for-difference assistance system in Poland.

Josef Kastner, CEO of ReneSola Power's European region, stated the firm looks forward to future cooperations with Modus, which is intending to build a Polish solar portfolio in excess of 100MW. "We remain hopeful regarding our possibilities in Eastern Europe, where a helpful regulative as well as financing atmosphere will allow us to grow in the area over the next numerous years," he added.

US-headquartered ReneSola announced previously this year that it aims to have a solar project pipeline of 1GW by the end of 2020. As well as Poland, the company is targeting development in markets such as Hungary, Germany, France, Spain, the UK and also the US.