Norsk Solar, a multinational company headquartered in Oslo, Norway, has signed an agreement with renewable energy companies GDSolar and Órigo Energia to build 12 photovoltaic plants in Brazil. The plants will be installed in the state of Minas Gerais and will have an installed capacity of approximately 37 MWp. The contract has a term of 25 years and provides for initial investments of R$150 million.
According to Norsk Solar, the partnership is an important step for the company's business plan in Brazil, as it makes the multinational's entry into this market more stable. The goal of the Norwegian company, which operates in emerging markets, is to finance, build and develop a portfolio of solar energy projects aimed at industrial and corporate sectors. Under the agreement, Norsk Solar will be the majority owner of the assets, with a 90% stake.
Mauro Benedetti, the entity’s Country Manager in Brazil, believes that the Brazilian corporate and industrial solar energy market has been growing in recent years and that the company is positive about the possibility of investing in the sector. “We see great potential for our value proposition. We also see that, with these first projects in Brazil, we have established a strong local brand and secured a good entry position in the market,” he said.
Due to the Covid-19 pandemic, the signing ceremony of the agreement between the companies took place simultaneously at the Honorary Consulate of Norway, in São Paulo, and at the Embassy of Brazil in Norway, in Olso.
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Excellent initiative, it's projects like this that Brazil needs. !
These international investments strengthen Brazil's image, further increasing our prospects for other major international investors to come to our country.