Brazil: Powertis starts construction of two PV plants with capacity of 225 MW

[Resurgence]

Powertis, a Soltec Power Holdings company, has begun construction of its first photovoltaic plants in Brazil, located in Pedranópolis (São Paulo) and Araxá (Minas Gerais), with a total capacity of 225 MW (112.5 MWp each).

The project, led by Powertis, a company dedicated to the development of solar photovoltaic projects in Brazil, Italy and Spain, will meet the annual electricity supply of 230,000 homes between the two plants and will prevent the emission into the atmosphere of approximately 350,000 tonnes of CO2 per year.

The construction of the Pedranópolis and Araxá plants will create more than 2,800 jobs (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 photovoltaic plant, as well as providing the 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.

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 more than 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 analyzing 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.



Leadership in the Brazilian market


The company's commitment to this market is reflected in major projects such as the recently signed contract (March 2021) with Focus Energia to supply solar trackers for a project in Brazil amounting to 852 MW, corresponding to the first phase of what will be the largest project in Latin America.



https://www.pv-magazine.com/press-releas...of-225-mw/

[dueda]

"Povertis"? Irony...
And BNDES, in theory a government funded development agency, is the well known for giving billions to absurd embezzlement and front end companies.

[Resurgence]

"Povertis"? Irony...
And BNDES, in theory a government funded development agency, is the well known for giving billions to absurd embezzlement and front end companies.

dueda,

If you have documentation to substantiate your claims, then you should provide that for the readers.



I can't vouch for all of BNDES' history, nor for their general funding or their global involvement, but I would like to point out to you that the bank has been the target of three congressional inquiries. No irregularities with the bank were ever found.

Furthermore, the bank reports its accounts regularly to Brazil’s securities and exchange commission, the controller general, and the federal accounts court.



If the bank's funding of renewable projects is what got your dander up enough for you to post that troll-like comment, then I have bad news for you. It appears that the bank is increasing their funding of renewable energy.

Here is another one the bank has recently funded:



BNDES okays loan for 122 MW of new wind parks in Brazil


Reported March 3, 2021


The Brazilian Development Bank, or BNDES, has approved a BRL-417-million (USD 73.1m/EUR 60.5m) loan to support the construction of 121.8 MW of wind parks by local developer Casa dos Ventos.

The financing represents 77.2% of the total BRL 540 million required for the construction of the Ventos de Santa Martina 01 and Ventos de Sao Januario 23 wind parks, BNDES said on Tuesday.

Located in the municipalities of Caicara do Rio do Vento and Ruy Barbosa, Rio Grande do Norte state, the two wind farms will be able to generate enough power to meet the electricity demand of 242,000 homes and offset around 1.3 million tonnes of carbon dioxide (CO2) emissions per year.

The wind projects are part of the initial 504-MW phase of the Rio do Vento wind power complex, which broke ground in February 2020. Once fully operational, the complex will exceed the 1-GW mark.



https://renewablesnow.com/news/bndes-oka...il-733125/



https://en.mercopress.com/2018/11/09/bol...il-s-bndes

[dueda]

Not saying this one project is total fugazzi, but it's hard to believe in total sanctity too; there's no black and white in real life and Latin America is very colorful - like my troll-like comments. I apologize for the tone, but they're honest.

I won't delay, enough saying any Brazilian knows how things are down here in Latino America: It's almost impossible to get to know what public services do and when news hit the fan, it's almost impossible to get convictions.
If my word counts, I worked as a public servant and many relatives and friends too. Bribery, bureaucracy, loopholes, walls, vanishing evidence, errors, investigations dragging for decades, and accidents are commonplace.

Internet is full of examples. I don't believe the current justice model to care for evidence, as this is a corral system for people to be kept hands down and against the wall. Sorry, no offense meant.