This project is key to reaching our goal of producing 100 MW of clean solar power for corporate energy buyers in Brazil, says Øyvind L. Vesterdal, CEO at Norsk Solar.
Norsk Solar has signed a Power Purchase Agreement (PPA) with Órigo Energia to build 6 solar PV power plants producing 18 MW of clean electricity. The PPA represents the second phase in fulfilment of a 37 MW development agreement previously signed by Norsk Solar and Órigo Energia.
This project is key to reaching our goal of producing 100 MW of clean solar power for corporate energy buyers in Brazil, and an important step closer to realizing our ambition to be one of the foremost independent solar power providers in the C&I segment worldwide, says Øyvind L. Vesterdal, CEO at Norsk Solar.
The investment size for the 37 MW portfolio is approximately NOK 400 million. All 12 plants to be built are in the State of Minais Gerais, with construction set to begin in mid-2022. Norsk Solar’s development and construction partner on the project is GDSolar, a leader in the development of solar energy in Brazil.
Offering rapid deployment of clean energy with no up-front cost to the customer is a value proposition that resonates greatly with Brazilian energy buyers, and we are quickly establishing a strong local brand in the market, says Mauro Benedetti, Country Manager Brazil at Norsk Solar.