SunEdison wins deal to develop 1 GW of solar power in Brazil

The venture aims to build and operate four utility-scale power plants in the northeastern state of Bahia

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Photovoltaic module manufacturer SunEdison has struck a deal with Salvador-based Renova Energia to develop 1 GW of solar power for Brazil's regulated market, according to Business News Americas.

The venture aims to build and operate four utility-scale power plants in the northeastern state of Bahia, SunEdison said in a statement on Monday.

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"[We] will install 106.9 MW of solar power by 2017 as part of contracts awarded by [federal power trade chamber] CCEE," SunEdison said.

The California-based firm added it would supply solar modules and trackers for the projects, which will be assembled in Brazil. The plants' construction will be financed by Brazilian development bank BNDES.

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