Sunlution to open 50-MW PV panel floaters factory in Brazil - report

Brazilian renewable energy start-up Sunlution plans to build an up to 50 MW factory for solar panel floaters, units that hold solar panels allowing flexible structures, by March 2016.

The site of the plant is yet to be determined. The project is expected to require investments of some BRL 5 million (USD 1.32m/EUR 1.2m), reported on Thursday daily paper Valor Economico.

Sunlution will rely on the Brazilian Development Bank's (BNDES) Finame credit line to lower the cost of solar distributed generation projects, said the company's managing partner Orestes Goncalves Junior, as quoted by Valor.

The company expects to close the year with up to 20 MW of contracted solar power projects to be installed over 2016.

Sunlution has also started negotiations for a solar power pilot project using floaters in landfills. There is a potential revenue of BRL 35 million per year by selling 5-MW projects for the 5,000 landfills in the country, noted the company.

(BRL 1 = USD 0.264/EUR 0.243)

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