Voltalia breaks ground on 320-MW solar project in Brazil
Solar farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.
France’s Voltalia SA (EPA:VLTSA) has initiated the construction of its 320-MW SSM1&2 solar farm in Brazil’s Rio Grande do Norte state.
The power plant capacity includes 50 MW backed by new long-term power sales contracts won since Voltalia’s initial disclosure of SSM1&2, the renewable power plants operator said in a press release.
Part of the 2.4-GW Serra Branca wind and solar cluster, the largest one of its kind globally, the solar asset has five long-term power-sales contracts with an average maturity of 16 years. SSM1&2’s off-takers include Brazilian thermoplastic resin producer Braskem (BVMF:BRKM5) and local power utility Copel (BVMF:CPLE6).
Expected to be commissioned during the first half of 2022, SSM1&2 will then become Voltalia’s largest solar project worldwide.
The French company is retaining ownership of a majority part of Serra Branca, while selling the other portions to partners. As of April 8, Voltalia held 1.34 GW of the total 2.4 GW capacity.