S'abonner

Enerside Announces 255MW of Solar in Brazil

Enerside announces the closing and financing of two projects in Brazil, adding 255MW to its portfolio.

Share:

Enerside announces the closing and financing of two projects in Brazil, adding 255MW to its portfolio.

Two major projects

Enerside announces that the Pudong I project has been approved for grid connection. In addition, construction is expected to begin in the second half of 2023. The company also obtains financing from Banco do Nordeste do Brasil to start up the Ribeiro Gonçalves site.

Enerside has over 270MW of IPP projects in the development or construction phase. This brings the company closer to its goal of 330MW by 2023. The Spanish company continues to grow towards its objectives.

The Pudong I project is located in the province of Ceará and will have a capacity of 207MW. This project already has environmental and construction permits. The Ribeiro Gonçalves project is expected to begin in the first quarter of 2023.

EBITDA of €17 million

A year ago, Enerside sold part of this project, 280MW out of a total of 322MW. For the remaining 42MW, Enerside retains the management. In addition, the company could sign a PPA with one of the main industrial groups in Brazil.

These two projects will generate a recurring EBITDA of €17 million for Enerside. Moreover, they offer a great visibility on the realization of its business plan. Indeed, it aims to reach 330MW by the end of 2023.

Enerside Group has been operating in Brazil since 2014. This makes the company one of the leading developers of photovoltaic projects in the country. It has its own project portfolio of more than 4GW of capacity.

 

 

  • Populaires ​
Donald Trump significantly increases US tax credits for carbon capture
EDF postpones Calvados wind farm to 2027 due to faulty drilling tool
France anticipates significant slowdown in emission reductions starting in 2025
Saudi Aramco Sharply Raises Crude Prices for Asia in August
European heatwave lifts power demand by 14 %
EDF inaugurates two solar power plants in Moselle totalling 72 MWp installed
EDF power solutions commissions two new photovoltaic plants in Moselle, together representing a capacity of 72 MWp, capable of annually supplying electricity equivalent to 36,000 inhabitants, or 30% of the population of Metz.
Solar energy becomes EU’s leading electricity source in June 2025
Solar energy reached a record share of 22.1% in the European electricity mix in June 2025, becoming for the first time the main source of electricity in the European Union, according to a report by think tank Ember.
Maldives grants first-ever energy permit to Abraxas Power Corp.
Abraxas Power Corp. receives unprecedented authorisation from Maldivian authorities to develop a 100 MW solar project within a new special economic zone, targeting energy security and national climate objectives.
GreenYellow signs 1.8 MWp solar contract with Meaders in Mauritius
GreenYellow and Meaders Feeds Ltd finalise a second 1.8 MWp solar project under the Carbon Neutral Industrial Sector Scheme aimed at decarbonising the Mauritian industrial sector.
New community solar project in Baltimore-Washington: a 3.2 MW capacity
The Lime Kiln project, developed by Chaberton Energy and Pivot Energy, will provide renewable energy to 500 homes and businesses in Maryland, while reducing greenhouse gas emissions.
MPC Energy Solutions sells its stake in the Planeta Rica solar project in Colombia
MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.
EDF power solutions commissions the largest solar power plant in the Territoire de Belfort
EDF power solutions has commissioned the Aéroparc photovoltaic plant, with a capacity of 42.2 MWp, in the Territoire de Belfort, making a significant contribution to the region's energy transition.
The Economic Impact of Solar Energy in Europe Amid Surplus Production
The overproduction of solar energy in Europe is causing a drop in captured prices, undermining the profitability of producers. In Germany, Spain, and France, capture prices are at record lows, with profound economic consequences.
Altarea Energies Renouvelables launches its first ground-mounted photovoltaic plant in Caudecoste
Altarea Energies Renouvelables has started work on its first ground-mounted photovoltaic plant in Caudecoste, marking a new milestone in its development. The 7 MWc plant is expected to be operational by the end of 2025.
JinkoSolar installs 21.6 MWh of energy storage in Massachusetts
Chinese manufacturer JinkoSolar has delivered three energy storage systems totalling 21.6 MWh to the American company Distributed Energy Infrastructure, as part of the Solar Massachusetts Renewable Target (SMART) programme aimed at strengthening local solar infrastructure.
TotalEnergies ENEOS equips two logistics centres in Singapore with solar panels
TotalEnergies ENEOS has commissioned two photovoltaic installations totalling 1.2 MWp for marine logistics group Lee Huat Yap Kee in Singapore, under two long-term power purchase agreements with no upfront investment.
TCL Solar signs strategic 250MW agreement for Pakistani market
TCL Solar has concluded two exclusive partnerships in Suzhou with AU Solar and Madina Solar to supply 250 megawatts of photovoltaic modules to the Pakistani market, addressing rapidly growing local energy demand.
Mitrex sets world record with monumental urban solar facade
Mitrex secures Guinness Record for the largest integrated solar facade globally, combining photovoltaics and cultural art in Edmonton, covering over 30,000 square feet with installed capacity exceeding 265 kW.
EDF power solutions acquires 500MW hybrid solar project in the UK
EDF power solutions completes the acquisition of the 500MW Gate Burton solar-battery project from the company Low Carbon, strengthening its presence in hybrid photovoltaic-storage solutions in the United Kingdom.
Photovoltaic films market to reach $41.59bn by 2034 according to MarketsandMarkets
The global photovoltaic films market is expected to see significant growth, reaching $41.59bn by 2034 due to the development of new solar technologies and the increasing demand for encapsulation suited to these innovations, a recent study indicates.
Plenitude starts 200 MW solar park in Andalusia for 2026
Italian group Plenitude has begun building Entrenúcleos, a 200 MW photovoltaic plant near Seville, set to deliver more than 435 GWh a year from 2026 while trialling locally produced green steel.
Sinopec commissions China’s first full-sea floating solar power plant
The state-controlled refiner has launched a 7.5-megawatt photovoltaic unit off Qingdao, the country’s first commercial installation designed for fully saline waters, intended to supply its future renewable hydrogen production.
Madagascar signs with Global South Utilities to develop up to 250 MW solar
The Emirati company Global South Utilities plans to install up to 250 MW of solar capacity in Madagascar, a project aimed at strengthening the national electricity network heavily reliant on fossil fuels and frequently facing energy deficits.
BRICS: solar production exceeds 50% of global total in 2024
Emerging economies from the BRICS group now account for more than half of global solar electricity production in 2024, driven mainly by China, India, and Brazil, according to a new report by the organisation Ember.
Star Trade and Lightsource bp sign major solar agreement in Taiwan
Star Trade, a subsidiary of HD Renewable Energy, has signed a power purchase agreement with Lightsource bp to manage electricity distribution from a 115 MWp solar project located in Chiayi, strengthening their presence in the Taiwanese market.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING