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April 29, 2021

CDIL and CMEC to build solar project in Latin America

China Development Integration (CDIL) and China Machinery Engineering (CMEC) have signed a development agreement to invest and finance a 1100MW solar project in Port Açu and other locations in Brazil.

By Umesh Ellichipuram

China Development Integration (CDIL) and China Machinery Engineering (CMEC) have signed a development agreement to invest and finance a 1100MW solar project in Port Açu and other locations in Brazil.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
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The project will involve an investment of around $1bn in the form of engineering, procurement, construction and financing (EPC+F), as well as additional equity funds, which will come primarily from China.

It is planned to be built in different stages. The initial phase will have a capacity of 300MW and cover a 6.6 million square metre area.

The second phase of the solar facility, with an 800MW capacity, will be located in four blocks with a total area of around 11 million square metres.

Originated by Brazilian entrepreneur Eike Batista, the project will be developed by CDIL’s subsidiary, China-Brazil Integration Group, through a special purpose vehicle in Brazil.

CDIL official Edmond Amir said: “We depend on strong EPC partners that are innovative and provide the highest levels of quality and safety, and we are honoured to partner with CMEC because of their strong track record and expertise around the world.”

CMEC will serve as the EPC partner for the project and provide a complete range of professional solutions, including engineering design, procuring local materials and services and project construction.

It will engage with a local Brazilian engineering firm to handle the operations locally.

CMEC senior engineer and general manager counsellor Liu Cansheng said: “CMEC is very pleased to have the opportunity to participate in this milestone clean energy project in Brazil.

“This is the first of a series of projects we are going to jointly execute with CDIL and Mr Batista.”

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Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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