Orion-E, Bolt join hands to add 500 MW of solar in Brazil - report
Solar PV plant in Brazil
Brazilian energy infrastructure firm Orion-E has joined forces with power retailer Bolt Energy to install 500 MW of solar photovoltaic (PV) capacity in Brazil, Reuters reported on Tuesday.
Hugo Albuquerque, Orion-E's chief communications officer, has told the news agency that some BRL 3.2 billion (USD 620.5m/EUR 625.5m) of investment will be required for the initiative. The partners intend to build solar farms across several Brazilian states, including in Minas Gerais, the country’s second most populous state.
The duo has agreed for Orion-E to develop the schemes, while Bolt will take care of selling the plants’ future output. The capacity is planned to become operational within the next 24 months.
Orion-E, a unit of Sao Paolo-based Domus Holding, already owns wind and solar assets with a combined capacity of some 1.2 GW. The portfolio includes both completed and under-development projects, according to the report.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.