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Spanish company Powertis announces investment of 765 MW in Brazil

The energy generated by the plant will be made available through PPAs (Power Purchase Agreement

The Spanish company Powertis, through a press release, announces a new phase of investments in photovoltaic plants in Brazil. The company, which specializes in large-scale plants, will add another 765 MW in photovoltaic plants to the Brazilian matrix.

The cities of Pedranópolis-SP and Araxá-MG will receive a 495 MW plant and 3 90 MW plants – enough to supply the consumption of 1.150.000 homes – and should begin operation between January 2021 and January 2022. project, financed by BNDES and BNB, was budgeted at R$2,5 billion and, according to the company, will generate more than 7.200 direct and indirect jobs during the installation and construction phases, which will be complemented by more than 160 permanent direct and indirect jobs during the plant's operating period.

The energy generated by the plant will be made available through PPAs (Power Purchase Agreement – power purchase agreement) for two large Brazilian customers, who will exploit the plant economically until the end of 2041.

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