Conceived and built by the Rio Alto Group, with a capacity of 300 MWp, the power plant complex is a milestone in the Brazilian socio-environmental development
SÃO PAULO, Brazil, Aug. 23, 2018 (GLOBE NEWSWIRE) — Rio Alto Energia, a Rio Alto Group company, will deliver the Brazilian solar photovoltaic power plant project in the city of Coremas, in the backlands of Paraíba. The complex consisting of 10 plants will have the capacity to generate 300 MWp and three of them are already in operation, generating 93 MWp in an area of 300 hectares.
“We founded the Rio Alto Group in 2009 with the goal of developing renewable energy projects, but above all, thinking about the future of next generations and sustainable development. I am proud to participate in the transformation of the city of Coremas and contribute to a greener economy in Brazil,” remarked Rafael Brandão, co-founder of the Rio Alto Group.
In order to make the project feasible, which will generate jobs and opportunities in the region, the Rio Alto Group was financed by Banco do Nordeste and Banco BTG Pactual, having also established important partnerships with the European Union, a pioneer in renewable energies and solutions against climate change. Among the partner companies there is Nordic Power Partners, a joint venture between the IFU (Danish Investment Fund) and EE (European Energy).
The other seven plants with a capacity of 210 MWp are already fully developed and ready for deployment. By 2040, it is estimated that the solar and wind energy production will exceed the production of hydroelectric power in Brazil, and may reach 40% of the national energy matrix.
About Rio Alto Group
Founded in 2009, Rio Alto Group specializes in the development of renewable energy projects, energy commercialization, construction and asset management and structured products. Consisted of by the companies Rio Alto Energia, Construtora, Comercializadora and Mais Asset, the group has, as founding partners, Edmond Farhat, Rafael Brandão and Sergio Reinas.
More information
www.gruporioalto.com.br
Phone: +55 (11) 3546-0900
Source: EnergyUtility