Sowitec sheds 400 MW of Brazilian solar to unnamed investor

Solar PV plant in Brazil

August 18 (Renewables Now) - German renewable energy developer Sowitec said today it has offloaded an up to 400-MW solar project in Brazil to an unnamed international energy supply group.

Financial details about the deal were not available.

The specific photovoltaic (PV) project is under development in the Alagoas state of northeastern Brazil. It is planned to become operational in the coming years, Sowitec said without giving further information and the scheme.

Through Sowitec do Brasil, the German firm has been active in Brazil since 2022 and currently has over 12 GW of projects in its portfolio. It currently has over 3.1 GW of wind and solar parks in operation and under construction globally, of which more than 1 GW are located in Brazil.

Back in 2018, Sowitec sold a 400-MW solar project in Brazil to a major European power utility, which a year later purchased another 200-MW project from the German developer.

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Browse all articles from Veselina Petrova

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.

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