Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTShizen Energy to develop 33.4 MWp of solar power in Brazil
Solar farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.
April 13 (Renewables Now) - Japanese renewables developer Shizen Energy Inc announced today it has reached an agreement to build 33.4 MWp of solar power capacity for Brazilian renewable energy company Origo Energia.
The deal was signed through the joint venture FazSol Energias Renovaveis between local real estate company Espaco Y and Shizen Energia do Brasil Ltda.
In all, FazSol will install 17 solar farms in Ceara and Minas Gerais states, as well as in the country’s Federal District. The photovoltaic (PV) parks' output will be supplied to Origo Energia’s customers through a remote net-metering system.
According to the company's press release, Shizen plans to complete construction on the PV systems by November 2022.
With these new 17 solar farms, Shizen Energy and Espaco Y have now worked together on 25 renewable energy projects in Brazil, the Japanese firm noted.
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