Panasonic backs 500-MWp solar project for its manufacturing facility in Brazil

• Japan's Panasonic Corp (TYO:6752) announced that it became part of a partnership with Brazilian decarbonisation options company Pontoon Clean Tech to secure power from a 500-MWp solar farm for its factory in Brazil.

The parties concurred that Pontoon Clean Tech is to spend BRL 1.6 billion (USD 331m/EUR 302m) to build, handle and run the Intrepid solar complex in the Brazilian state of Ceara. The company will certainly then market solar power to Panasonic under a 15-year contract.

The Intrepid plant will consist of 935,000 panels topped a 1,100-hectares (2,718 acres) area. Construction jobs are arranged to start this year and finalise by the end of 2023, Panasonic said.

The project will certainly benefit a house devices manufacturing facility that the Japanese electronic devices manufacturer runs in the state of Minas Gerais. The Intrepid solar farm will certainly produce sufficient power to satisfy 65% of the manufacturing facility's consumption demands.

By 2024, over 60% of the complete volume of electrical power that Panasonic eats in Brazil will originate from solar under the self-production version. The Japanese electronics titan claimed that it currently offsets 100% of all carbon dioxide (CO2) discharges from its tasks in Brazil.