New solar systems factory to be built in Brazil's Ceara state

Renovigi and Ceara govt signing

June 28 (Renewables Now) - Brazilian solar equipment company Renovigi Energia Solar will build a factory in Ceara state for the production of photovoltaic (PV) systems, the local government announced on Friday.

Under a memorandum of understanding (MoU) signed by governor Camilo Santana, the company will invest BRL 12.4 million (USD 2.5m/EUR 2.1m) to construct the production facility in the Pecem Industrial and Port Complex. The site will also accommodate a distribution centre.

According to its website, Renovigi specializes in the sale of small solar power systems and related equipment, including PV panels and inverters. The company estimates it will produce around 600 solar generation systems per month, or 7,200 annually, in the Pecem complex.

The selected site is strategic for Renovigi as the port will facilitate the sourcing of raw material from Asia, the firm's president Gustavo Martins said.

(BRL 1.0 = USD 0.202/EUR 0.169)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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