Equinor has put a 531-megawatt solar plant into action in Brazil, a project that will boost the country's power production by 30%
Equinor has put into operation a 531-megawatt solar plant in Brazil, which boosts its power production in the South American country by 30%, the Norwegian major said on Friday. The 531-MW Mendubim solar plant will produce 1.2 terawatts per hour TWh of power annually, of which some 60% will be sold on a 20-year US-dollar-denominated power purchase agreement PPA with Alunorte, one of the world’s leading suppliers of alumina for the aluminum industry.
The Norwegian energy company is one of the international majors that have invested directly in solar and offshore wind power project development and generation, although the profitability of its renewables division is still significantly trailing the oil and gas profits. In solar energy, Equinor has operations in Brazil, Poland, and northern Europe. Last year, Equinor bought Brazilian onshore renewables company Rio Energy, including the 0.
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