Search

up to become functional by very early 2022. Nextracker's local workplace in Brazil will sustain the project with engineering advisory as well as appointing,

expanding portfolio of onshore renewables projects owned by the companies in Brazil, including a 162MW solar project completed in 2018. A site has already been

Brazilian steel producer Gerdau SA and renewable power producer Newave Energia have begun construction on a 420-MWp solar park in Minas Gerais state. The Arinos Solar Park will require an investment of BRL 1.5 billion ($302m) and is expected to be completed by the end of the year. Once operational, 30% of the park's output will be used to power Gerdau's steel manufacturing in Brazil. The solar park's full capacity is equivalent to 7% of Gerdau's total energy consumption in the country. Gerdau owns a 33.33% stake in Newave Energia through its unit Gerdau Next SA.The groundbreaking ceremony for the solar park was attended by various government and company officials, including Brazilian President Lula and Gerdau CEO Gustavo Werneck. What is the capacity of the Arinos Solar Park and its significance for Gerdau? The Arinos Solar Park has a capacity of 420 MWp. The solar park is being constructed in Minas Gerais state, Brazil. The project requires an investment of BRL 1.5 billion ($302m). The construction is expected to be completed by the end of the year. Once operational, 30% of the park's output will be used to power Gerdau's steel manufacturing in Brazil. The solar park's full capacity is equivalent to 7% of Gerdau's total energy consumption in the country. Gerdau owns a 33.33% stake in Newave Energia through its unit Gerdau Next SA. The groundbreaking ceremony for the solar park was attended by various government and company officials, including Brazilian President Lula and Gerdau CEO Gustavo Werneck. The project signifies Gerdau's commitment to renewable energy and reducing its carbon footprint. The solar park will contribute to Brazil's renewable energy goals and help diversify its energy mix. The project will create jobs and stimulate economic growth in the region. The solar park will contribute to reducing greenhouse gas emissions and mitigating climate change.

firm Hydro Rein has acquired a 20% stake in Brazil's Vista Alegre solar farm complex, a 902-MWp project located in Minas Gerais, from Atlas Renewable

to develop added solar farms in the former's mining operations throughout Brazil. Detronic Energia will certainly lead the building of the solar farms. The

the energy generated in each plant will certainly be infused right into the Brazilian grid and also transformed into credit for the telecom, creating big savings

the development and operation of distributed generation (DG) solar projects in Brazil. The new entity is owned equally by the two parties, and the total investment

the construction of 29 MW of solar and hydropower capacity in Santa Catarina, Brazil. The financing will be used by state-run utility Celesc to install 5 MW of

Brazil's solar power capacity has surpassed 47 GW, contributing significantly to the nation's energy mix with 19.8% of its total power generation. This achievement encompasses both large and small-scale solar installations, marking a substantial milestone for the country's renewable energy sector.Investments in Brazil's solar industry have reached BRL 217.8 billion (USD 40.3 billion), generating over 1.4 million jobs since 2012, according to the local solar association, Absolar. CEO Rodrigo Sauaia emphasized that expanding non-hydro renewable energy sources is essential for stabilizing the electricity grid, reducing costs, and minimizing pollution from fossil fuel use. How is Brazil's solar power growth impacting the economy and energy stability? Economic Diversification: The rapid growth of solar power in Brazil is diversifying the economy by reducing dependency on traditional energy sources, such as hydroelectric power, which has historically dominated the country's energy landscape. This shift allows for a more resilient and varied energy portfolio. Attracting Foreign Investment: As Brazil enhances its solar infrastructure, the country has become a hotspot for foreign investments in renewable energy. Investors are increasingly looking to capitalize on Brazil's favorable solar conditions and government incentives, which could lead to further economic growth. Rural Development: Solar energy projects in Brazil are not just concentrated in urban areas but also extend to rural regions. This distribution helps to stimulate local economies, providing access to cheaper and more reliable energy for previously underserved communities, and potentially encouraging new businesses. Energy Independence: The expansion of solar power contributes to Brazil's energy independence by reducing reliance on imported fuels. This can strengthen the nation's position in the energy market and enhance its economic stability. Job Creation: The solar sector's development has generated over 1.4 million jobs, as reported by Absolar. This includes positions in manufacturing, installation, maintenance, and administrative roles, which can significantly support socioeconomic growth across various communities. Innovation in Technology: Brazil's focus on expanding solar capacity is encouraging technological advancements and innovation within the renewable energy sector. Local firms are investing in research and development to improve efficiency and reduce costs, fostering a competitive market landscape. Environmental Benefits: By increasing the share of solar energy in its electricity generation mix, Brazil is working to decrease greenhouse gas emissions and combat climate change. This move aligns with global environmental goals and can enhance Brazil's reputation on the international stage regarding sustainable development. Local Manufacturing Opportunities: The growth of solar energy creates opportunities for local manufacturers to produce solar panels and components. This not only supports domestic industry but also reduces import costs, bolstering the economy. Stabilizing Electricity Costs: The integration of solar power can lead to more stable electricity prices by providing an alternative source of energy that can be less susceptible to price fluctuations in fossil fuels. Policy Support and Incentives: The Brazilian government’s support for renewable energy through financial incentives, tax rebates, and favorable regulations is crucial for sustaining the momentum of solar expansion, which ultimately has long-term positive implications for the economy and energy stability. Regional Energy Security: The growth of solar energy contributes to a decentralized energy system which can enhance regional energy security. By having distributed generation facilities, less infrastructure is needed, reducing the vulnerability to grid failures. Community Engagement and Education: The rise of solar energy initiatives encourages community engagement and education on the benefits of renewable energy, leading to increased public support for sustainable practices.

dos Ventos, a Brazilian renewable energy developer, has partnered with Swiss firm Atlas Agro to supply wind and solar power for a green hydrogen facility that

a business with greater than a decade-long visibility in Brazil, is mounting the BRL-3-billion (USD 570.3 m/EUR 480.6 m) 3 solar-farm project in the state

Brazil's Resolution No. 70, of July 16-- released on Monday in main journal Diário Oficial da União-- will certainly eliminate import responsibilities for items consisting of numerous types of PV module, inverter as well as solar tracker. The measure, taken by the Foreign Chamber of Commerce of the Ministry of Economy, provided 101 types of excluded solar module in addition to some three-phase inverters and trackers. The regulation will certainly enter into impact on August 1. Although there is no regional content demand for either huge solar jobs allocated in auctions or dispersed generation systems with a capability of as much as 5 MW, making use of 'Made in Brazil' modules in PV plants opens accessibility to finance from national growth bank BNDES and also other government bodies. Chinese module manufacturer Amerisolar announced in late April it was preparing to open a 200 MW module factory in Brazil by means of a joint venture with domestic renewables business Nova Renováveis. Chinese-Canadian panel manufacturer Canadian Solar operates a 360 MW module assembly fab in Sorocaba, in the state of Sao Paulo, as well as Chinese group BYD additionally has a module factory in the state. The majority of PV tools imported by Brazil pays a 12% responsibility presently. In November, Brazilian President Jair Bolsonaro banned a costs authorized by the country's Senate and House of Representatives which spared solar devices from the import tax on the basis, according to the government's official bulletin, the step would certainly have minimized state revenue.

for the states of Piauí and also Pernambuco, in the northeast of Brazil. Long-lasting power acquisition arrangements have been signed with Hydro's

for commercial partners, drawing on over 25 years of experience working in the Brazilian, solar and money markets, included the firm. The company has actually

GW) solar photovoltaic project in Port Açu and also extra locations in Brazil. The 1100MW photovoltaic or pv project will be developed by CDIL's subsidiary