Lavras Solar PV Park V is a 28.944MW solar PV power project. It is planned in Ceara, Brazil. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the financed stage. It will be developed in a single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024. Buy the profile here.

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Description

The project is being developed by Canadian Solar, Lavras Geracao de Energia Eletrica and Lavras V Solar Energias Renovaveis. Nebras Power Investment Management, Canadian Solar and Lavras Geracao de Energia Eletrica are currently owning the project having ownership stake of 80%, 19.99% and 0.01% respectively.

Lavras Solar PV Park V is a ground-mounted solar project.

Development status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.

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 engineering procurement construction services for the solar PV power project.

Canadian Solar will be the supplier of PV modules for the solar power project.

For more details on Lavras Solar PV Park V, buy the profile here.

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 among others. 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 V Solar Energias Renovaveis

Lavras V Solar Energias Renovaveis SA (Lavras V Solar) focuses on generation, procurement, distribution and production of power from renewable energy. The company is headquartered in Brazil.

This content was updated on 4 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.