Yet another solar panels manufacturing facility has been accounted to cater to the demands of a rapidly growing Brazilian solar power market.
Canadian Solar and Flextronics have announced plans to jointly develop a 350 MW solar modules manufacturing facility in Brazil. The factory is expected to come up at Sorocaba, São Paulo and is expected to start production later this year.
The facility can be expected to supply panels to projects being developed by other companies apart from the ones secured by Canadian Solar itself. The company is reportedly working on solar power projects with 384 MW cumulative capacity. These projects were secured through competitive auctions held by the Brazilian government over the next last few years.
Brazil has already allocated large capacity of solar power capacity and plans to auction several more projects in the near future.
Five states in Brazil had recently accredited more than 200 solar power projects with a combined capacity of more than 9.2 GW. Following the accreditation, the projects will become eligible for participation in the renewable energy auction scheduled for July 29.
The auction will be the fourth in a series of auctions that started in 2014. During the first three auctions, about 2 GW of solar power capacity was selected.
Brazil’s rapidly expanding solar power market has attracted several module manufacturers and investors. Swiss module maker EcoSolifer AG had announced plans to set up factory with 80 MW annual production capacity. Another Chinese company, BYD, had also announced plans to set up a manufacturing facility to cater to the demand for panels from utility-scale as well as rooftop solar power systems.