Shell preparing approximately 2.1 GW of solar in Brazil
- Shell Energy Brasil, a regional device of oil and also gas major Shell Plc (LON: SHEL), means to develop to 2.1 GW of solar parks in Brazil's Minas Gerais, the state's federal government revealed today.
Under a newly-signed protocol of intent, the European firm will certainly spend around BRL 7 billion (USD 1.5 bn/EUR 1.4 bn) in the advancement of five photovoltaic (PV) plants in the North, Northwest and also Central regions of the state.
Much more especially, Shell will certainly research setups in the cities of Corinto in the Central area, Arinos and Brasilandia de Minas in the Northwest, and Janauba and Varzea da Palma in the North of the state. If all 5 PV parks are built, the government expects their mixed result to be able to fulfill the need of a community with 2 million citizens.
Construction works are arranged to commence in January 2023, while commissioning of the very first plant is readied to take place in January 2025.
Currently, Minas Gerais has 2.4 GW of set up solar capacity, according to regional solar association Absolar.