Voltalia to Invest $800 Million in Brazil With Focus on Solar
- Helexia, a Voltalia subsidiary, to add 400 megawatts of solar
- An incentive program has actually sped up solar development in Brazil
French clean-power producer Voltalia SA intends to invest 4 billion reais ($ 800 million) in Brazil over the following four years to increase renewable energy in Latin America's biggest economy.
The majority of the investment will be made by Helexia SA, a subsidiary of Voltalia, to build out a consolidated 400 megawatts of small-scale solar projects throughout Brazil over the following two years that are qualified for subsidies, Aurelien Maudonnet, the head of Helexia in Brazil, stated in a meeting. Voltalia likewise has onshore wind procedures in the nation.
Brazil's solar market has actually surged in recent times thanks partially to an incentive that provides solar projects of approximately 5 megawatts tariff-free access to the grid, as long as they related to connect before a Jan. 7 cutoff. Maudonnet said the growth is most likely to continue thanks to the subsidies.
Solar Installations Continue to Rise in Brazil
" This is why you have a huge increase: Everybody wishes to gain from the old rule," Maudonnet. stated "We contend the very least 2 more years of huge rises."
One of Helexia's primary customers for solar energy is telecommunications provider Vivo Participacoes SA.