Enerside Closes Agreements For Two Solar Projects in Brazil Adding 255 MW to its Portfolio


Enerside Energy, a Spanish company vertically integrated in the photovoltaic solar industry, has increased its portfolio of projects under construction or RTB (Ready to Build) to 270 MW, thanks to the obtention of the necessary permits or financing.


The Pudong I project located in the province of Ceará, which has a capacity of 207 MW, has just obtained the Access Opinion, a permit that guarantees the connection to the grid. This work already has environmental and construction licenses and once it has financing it is estimated that construction will begin in the second half of 2023.


Another major project of the Enerside group in Brazil is Ribeiro Gonçalves, for which it has reached an agreement to start its construction, scheduled for the first quarter of 2023. A year ago, Enerside sold a part of this project, 280 MW out of a total of 322 MW, in the pre-RTB (Ready-to-Build) phase. With the remaining 42 MW it also had the option to sell or build and directly operate the facility and has finally chosen to maintain management. For this work, Enerside has closed the financing of BNB (Bank of the Northeast of Brazil) and is in the very advanced negotiation phase for the signing of a PPA with one of the main industrial groups in Brazil.

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With these advances, Enerside has more than 270 MW in the development or construction phase of IPP projects and is approaching the goal for 2023 of 330 MW.


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