Neoenergia brings online portion of 149-MWp solar park in Brazil

Aug 5, 2022 01:42 PM ET
  • Brazilian utility Neoenergia SA (BVMF: NEOE3) has begun the commercial operation of the first part of the 149-MWp Luzia solar park, the company announced on Thursday.

Found in the municipality of Santa Luzia, Paraiba state, the solar (PV) plant is set to get to complete commercial operation in the second fifty percent of 2022.

The business, which operates as the Brazilian subsidiary of Spain's Iberdrola SA (BME: IBE), stated that in the initial 6 months of 2022, it allocated BRL 436.4 million (USD 82.9 m/EUR 81.4 m) to the solar farms that create the complicated.

The solar plant has actually currently marketed 100% of its power till 2026 under a power purchase agreement (PPA) with Brazilian telecom Claro SA.

Neoenergia noted that the PV facility will certainly make use of the exact same substation as the company's 471-MW Chafariz wind complex.

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