European Energy and the Danish Climate Investment Fund have signed an agreement for the sale of project rights for a solar farm in Brazil. European Energy and the Danish Climate Investment Fund owns 80% of the 91 MW project. The buyer is the Brazilian utility AES-Tietê.
The project is located in the state of Pernambuco, and will produce more than 150 mio. KWh per year when grid-connected. That corresponds to the annual electricity consumption of above 55.000 Brazilian citizens. AES-Tietê expects to grid connect the solar farm ultimo 2018.
European Energy is in cooperation with Danish Climate Investment Fund currently active in the realization of further utility scale PV projects in Brazil that are planned to be grid connected during 2017 and 2018.
The Executive vice-president of European Energy, Jens-Peter Zink, says: “We have taken a very successful first step in Brazil, and have proven that we can create value beyond our core markets in Europe” He adds: “We will maintain our focus on Brazil, and have several active projects.”