Recurrent Energy, a global solar and energy storage developer, has secured BRL 343 million in project financing from Banco do Nordeste do Brasil S.A. for its Jaiba III solar project in Brazil. The 152 MW project, financed over 22 years, includes construction and operation phases, with debt tied to Brazil’s National Consumer Price Index for economic alignment. It has a 15-year, inflation-adjusted PPA through a private auction with Usiminas, Brazil’s leading flat steel company. Expected to commence operation in Q4 2024, the project will employ nearly 900 people and annually displace around 150,000 tons of CO2.
Recurrent Energy expands Latin America solar portfolio
Canadian Solar’s BiHiKu modules power Recurrent Energy’s Jaiba III solar project in Brazil. (Image Credit: Recurrent Energy)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)