UPDATE - Brazil's Focus Energia to build USD-413m solar complex in Bahia

Author: EBRD / All rights reserved.

February 8 (Renewables Now) - Brazilian energy company Focus Energia is planning to build a solar power complex in Bahia state for a total cost of BRL 2.2 billion (USD 414m/EUR 343m).

The photovoltaic (PV) plants will be part of the Futura project and will be located in the town of Juazeiro, the local government announced last week.

According to Focus Energia's IPO prospectus, the full Futura solar project will include 45 parks divided between Futura 1, Futura 2 and Futura 3/Apia, with a combined capacity of 3 GW. The company has already acquired 22 parks for a total capacity surpassing 671 MW and has an exclusive purchase option for the rest.

Focus Energia expects to break ground on the project in the next two months. Initial power supply is set to commence by the end of the first half of 2022, while full commissioning is scheduled for the start of the following year.

Last month, Bahia state also announced the implementation of the BRL-2.3-billion Ventos de Sao Vitor wind power complex by local renewable energy company Essentia Energia.

(BRL 1.0 = USD 0.186/EUR 0.155)

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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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