SPIC China invests $147 million in Brazil
SPIC announces a $147 million investment in wind and solar farms in Brazil, strengthening its presence in the renewable energy sector.
| Countries | Brésil, Chine |
|---|---|
| Companies | Canadian Solar |
| Sector | Énergie Solaire, Énergie Hydrogène, Énergie Éolienne, Terrestre, Photovoltaïque, Hydrogène vert |
| Theme | Investissements & Transactions, Investissement entreprise |
State Power Investment Corporation (SPIC), a Chinese electricity company, has unveiled a massive investment of 780 million reais ($147.41 million) to build two new wind farms in northeast Brazil. This initiative also marks SPIC’s entry into the Brazilian solar sector, with the inauguration of two large-scale solar farms. SPIC, seeking to diversify its energy portfolio and become one of the top three energy producers in Brazil, has revealed its ambitious plans through Adriana Waltrick, CEO of SPIC’s Brazilian subsidiary. The new wind farms, located in the state of Rio Grande do Norte, will have a combined installed capacity of 105.4 megawatts (MW) and will target the open energy market. Construction is due to start in January 2025, with commissioning scheduled for the following year.
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