Solar panels. Featured Image: pornvit_v/Shutterstock.com
Electric equipment maker WEG (BVMF:WEGE3) said today it has received an engineering, procurement and construction (EPC) order for two 31.12-MWp solar projects in Brazil.
Under the agreement, WEG will also construct a substation and the transmission lines.
Named Coremas I and II, the photovoltaic (PV) plants will be located in the city of Coremas, Paraiba state. These plants are part of the 93-MWp Coremas PV Complex, comprised of three PV farms, which will represents an investment of up to BRL 423 million (USD 135.5m/EUR 127.6m), WEG noted.
The complex is owned by Nordic Power Partners, a joint venture between European Energy SA, Denmark’s Climate Investment Fund and the Brazilian company Rio Alto Energy.
Expected to be completed by 2018, the Coremas complex should be able to generate 207 GWh per year, enough to supply more than 100,000 homes and offset about 13 tonnes of carbon dioxide (CO2) annually, said Sergio Reinas, Senior Partner of Rio Alto Energy.