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Norsk Solar: Announces Investment Decision for Origo II (9 MW) in Brazil

  • Sector: Energy
  • Date: June 18, 2023

  • Company: Norsk Renewables develops and invests in renewable energy in emerging markets.

Norsk Solar has now formally confirmed its investment decision in the Origo II project in Brazil. This project consists of three solar power plants with a total capacity of 9 MW, making up a significant part of the previously announced 37 MW agreement signed with Órigo Energia. While some approvals related to the connection layout are still pending, the company remains optimistic about a swift resolution. The project, with a duration of 25 years, is situated in Minas Gerais, Brazil, and reflects Norsk Solar’s dedication to sustainability and the transition to clean energy.

“This project represents an exciting opportunity to expand our portfolio in renewable energy and support our vision of promoting the shift to clean and sustainable energy sources,” says Torbjørn Elliot Kirkeby-Garstad, CEO at Norsk Solar. “This strategic investment underscores our commitment to combat climate change and significantly contributes to the Origo project portfolio of 37 MW. By participating in the Origo II project, we are not only contributing to the local economy but also to job creation. The project will provide employment opportunities during the construction phase and establish sustainable, qualified jobs during the operational period,” concludes Kirkeby-Garstad.

The total investment for the project amounts to 130 million Norwegian Kroner (NOK) and was carefully evaluated through in-depth analyses to ensure economic sustainability and environmental friendliness. Norsk Solar expresses its gratitude to shareholders, partners, and employees for their continuous support in the company’s pursuit of a greener future.