Brazil's Largest Wind Company Has Big Plans to Dominate Solar

| December 13, 2017

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Brazil’s biggest wind company has set its sights on dominating the country’s nascent solar market. CPFL Energias Renovaveis SA has 1 MW of solar power in operation now, a pilot project in Sao Paulo State, but has plans to build another 450 MW. That’s a lot in a country where there’s only 1,300 MW of solar panels running, compared with more than 11,000 MW of wind turbines spinning. Chief Executive Officer Gustavo Sousa is taking advantage of two trends. Latin America’s largest economy is starting to recover from the worst recession in a generation. At the same time, Brazil — home to the most wind power in the region — is seeking to diversify its energy mix with more solar.

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