Madrid, April 17th 2012
Solaria Energía y Medio Ambiente, S.A., the only Spanish solar company listed in the stock market, has begun execution of its first PV plant in Brazil. The 3 MW plant is located in the Brazilian state of Minas Gerais, in the southeastern region of the country. The project will be completed in early July 2012, connecting the plant early in the second half of this year.
The project is being developed jointly with the Energy Company of Minas Gerais (CEMIG), one of Brazil”s largest electric power public utility company listed in Sao Paulo and New York Stock Exchange markets.
Solaria is carrying out the engineering, procurement and construction of the project, that will generate enough power for about 1,000 homes. Additionally, the company is providing its second generation high efficiency modules, contributing also with its leadership and technology in the photovoltaic industry.
The project consists of three sub-plants, two of them are power generation plants for commercial purposes, and the third one is a pilot plant that will serve as a development center for different technologies.
With this investment Solaria reflects its commitment to the Latin American market, where the company is looking for new projects in countries such as Brazil, Ecuador, Chile, Colombia and Peru. According to Gabriel Monti, Latin-American Regional Director, this project “means a major step in the consolidation of Solaria`s presence in the region. The PV energy has a high competitive potential in Latin American countries, mostly characterized by high levels of solar radiation, and often, high electricity prices. In this scenario, Solaria has a unique opportunity to share its know-how acquired over the years in Europe and make the photovoltaic energy one of the main energy sources in the region”.