Soltec’s Powertis Begins Construction of 2x112.5 MWp PV Plants in Brazil

Renewable energy projects developer Powertis, an arm of Soltec Power Holdings company, has begun construction of its first photovoltaic (PV) plants in Brazil, located in Pedranópolis (São Paulo) and Araxá (Minas Gerais) regions, with an aggregate capacity of 225 MW i.e. 112.5 MWp each.

March 12, 2021. By Manu Tayal

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Renewable energy projects developer Powertis, an arm of Soltec Power Holdings company, has begun construction of its first photovoltaic (PV) plants in Brazil, located in Pedranópolis (São Paulo) and Araxá (Minas Gerais) regions, with an aggregate capacity of 225 MW i.e. 112.5 MWp each.

Powertis has been dedicated to the development of PV energy projects, with a presence in Spain, Italy and Brazil.

The said project would meet the annual electricity supply of 2,30,000 homes between two plants and will prevent the emission into the atmosphere of approx 3,50,000 tonnes of CO2 annually.

Moreover, the construction of these plants would create over 2,800 jobs (both direct and indirect), promote employment in local communities and foster the use of renewable energies. Soltec, the industrial division of Soltec Power Holdings, will be responsible for supplying solar trackers at the plant, as well as providing necessary assembly and construction services.

The construction start for both projects follows agreements that Powertis reached in November and December 2020 with Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES), which approved financing for both projects: 191 million Brazilian reals in the case of Pedranópolis and 194 million Brazilian reals for the Araxá projects.

Commenting on the development, Raúl Morales, CEO of Soltec Power Holdings, said, “with construction of this project we further strengthen the company’s position in Brazil, a market with great potential. At Soltec Power Holdings, we are clearly committed to growing our business in this country, where we have a leading position and a market share of 35.7%.”

Powertis has a project portfolio of over 2 GW in various stages of development in the Brazilian market. In addition, the company has 2 GW in Spain and more than 1 GW under development in Italy. Over the next few years, the company expects to continue increasing its presence in these countries, as well as analysing entry into new markets.

Similarly, and as a sign of the company's commitment to the local communities in which it operates, Powertis will carry out various environmental education campaigns in the areas of influence of the projects.

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