SunEdison and Renova Energia Create Joint Venture to Develop 1 GW of Utility Scale Solar in Brazil
Submitted by aburr on Wed, 2014-11-26 13:33SunEdison and Renova Energia S.A. created an exclusive joint venture to develop, own, and operate 1 GW of utility scale solar PV energy to supply the Brazilian Regulated Electricity Market. Renova and SunEdison will each own a 50% stake in the joint venture. The joint venture plans to build and operate four utility scale solar power plants in Bahia State, Brazil, by 2017; installing 106.9 MW of solar as part of contracts awarded by the Brazilian Energy Commercialization Authority, Camara Comercializadora de Energia Electrica (CCEE).