Lavras Solar PV Park III is a 28.944MW solar PV power project. It is planned in Ceara, Brazil. The project is currently in financed stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2022.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 28.944 | – | 28.944 | Financed | Ceara, Brazil | Canadian Solar; Lavras Geracao de Energia Eletrica; Lavras III Solar Energias Renovaveis |
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Description
The project is being developed and currently owned by Canadian Solar, Lavras Geracao de Energia Eletrica and Lavras III Solar Energias Renovaveis. The company’s ownership stake in the project stands as 80%, 19.99% and 0.01% respectively.
Lavras Solar PV Park III is a ground-mounted solar project.
The project cost is expected to be around $32.127m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2022.
Power Purchase Agreement
The power generated from the project will be sold to Camara de Comercializacao de Energia Eletrica under a power purchase agreement. The power will be sold at the rate of $0.029kWh for a period of 20 years. The capacity to be procured is 24MW.
Contractors Involved
Canadian Solar and Nebras Power QPSC are expected to render EPC services for the solar PV power project.
Canadian Solar will be the supplier of PV modules for the solar power project.
About Canadian Solar
Canadian Solar Inc (Canadian Solar) is a provider of solar energy solutions. The company designs, develops and manufactures solar ingots, wafers, modules, cells, and other solar power products. Its broad range of solar modules find application in residential, commercial and industrial solar power generation systems; and specialty solar products include customized solar modules that customers incorporate into their own products such as portable solar home systems. Canadian Solar serves distributors, project developers, system integrators and installers and EPC companies across Asia, America, Europe and other regions. It has manufacturing facilities in China, Taiwan, Canada, Vietnam, Thailand and Indonesia, and offices across the world. Canadian Solar is headquartered in Guelph, Ontario, Canada.
About Lavras Geracao de Energia Eletrica
Lavras Geracao de Energia Eletrica Ltda (Lavras Geracao de Energia Eletrica) generates electricity using various sources of energy including thermal, natural gas fired CCPPs and natural gas. The company is headquartered in Brazil.
About Lavras III Solar Energias Renovaveis
Lavras III Solar Energias Renovaveis SA (Lavras III Solar) focuses on generation, procurement,distribution and production of power from renewable energy. The company is headquartered in Brazil.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
