Soltec Power Holdings It is expanding its business in Brazil, where it already has an installed capacity of 4.6 GW. On this occasion, the energy company signed a contract with the Canadian Solar Company to supply solar trackers to two photovoltaic parks in the country of Rio de Janeiro, with a capacity of 738 megawatts, and its installation will begin in mid-2023.
According to the energy company’s report to the National Commission for Securities and Markets (CNMV), these PV projects are located in the Brazilian regions of Piauí and Sierra and represent new process in Brazil.
The construction of these two parks will allow to avoid Emission of more than 1.5 million tons of carbon dioxide into the atmosphere and the energy it generates would be equivalent to an amount sufficient to power more than 900,000 homes.
Soltec has an office and factory in the country since 2015 and a year ago, in 2014, it developed its first project in Latin America. Last year the company signed contracts to supply solar trackers in Peru and Colombia, With a total of 610 megawatts of powerand in Chile, adding more than 2 gigawatts of capacity.
According to its strategic plan, which was presented in May this year, the company expects the supply of solar trackers to reach cumulative volumes of Between 26 and 30 gigawatts in fiscal year 2025It also expects to generate income between 750 and 800 million euros, and gross operating results (Ebitda) between 45 and 50 million euros.
Soltec CEO Raul Morales highlighted the company’s “good reception” in Brazil and the “pride” that comes from collaborating with companies such as Canadian Solar, with whom they share a goal energy transmission Powered by solar energy.