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

|

article image
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.

Spotlight

Entropy Solar Integrators

Entropy provides project developers with equity investment needed for a wide variety of energy related projects. We help to move your development forward with speed, transparency and ease. We are working with developer, owners, and searching for energy project opportunities that align with our investment goals.

OTHER ARTICLES

What is community solar and is it better than installing solar panels on your home?

Article | February 24, 2020

The U.S. reached a monumental 2 million solar installations in 2019. As more people look to save money through solar energy, many different options for doing so are becoming available. The U.S. Department of Energy defines community solar as “a solar-electric system that… provides power and/or financial benefit to… multiple community members.” These voluntary programs allow community residents to enjoy the perks of solar power without the large initial investment. The solar panels and related equipment are set up in a central location, so residents don’t need to buy and install equipment on their personal properties. The power produced by these projects is then shared by a community, and the hardware is either owned by the community itself or by a third party (i.e. Jaton’s community solar projects in California).

Read More

Will the Coronavirus Bring Clouds to this Solar Energy ETF?

Article | February 24, 2020

The capital markets are well aware of the stress and strife that coronavirus is putting on oil prices as the commodity continues to test new lows. One byproduct of the pandemic, however, that might not be getting enough coverage is the cloudy doom and gloom that the virus is bringing to the solar energy space. Solar energy businesses are also feeling the pinch, but not getting the support they desire from the federal government. “As Congress continues to address the ongoing COVID-19 crisis, we appreciate that they are prioritizing relief for families and small businesses,” said President and CEO of the Solar Energy Industries Association Abigail Ross Hopper. “There are several elements in this legislation that can help solar businesses and solar workers, including long-term unemployment insurance, business loans and provisions that support employee retention and other employee protections. We will be working to help our members understand what resources are available to them as a result of this legislation and how they can use those resources to help get through this difficult time.”

Read More

What does Covid-19 mean for Renewable Energy?

Article | February 24, 2020

Covid-19. It’s everywhere, and it’s probably the reason that your food cupboards are unusually more stocked than usual, or the fact that you’re likely reading this blog from the confines of your own home, as opposed to at your office or during your daily commute. But, despite the impact to business, economies, daily life and public health, there’s one bittersweet development which we can all take away from the outbreak – and that’s the considerable reduction of global CO2 emissions, and a resurgence of hope that it is fully possible for us to slow the onset of climate change and preserve our planet for future generations.

Read More

There's a Simple Way to Store Renewable Energy, And We Already Have The Technology

Article | February 24, 2020

The effect that fossil fuels are having on the climate emergency is driving an international push to use low-carbon sources of energy. At the moment, the best options for producing low-carbon energy on a large scale are wind and solar power. But despite improvements over the last few years to both their performance and cost, a significant problem remains: the wind doesn't always blow, and the sun doesn't always shine. A power grid that relies on these fluctuating sources struggles to constantly match supply and demand, and so renewable energy sometimes goes to waste because it's not produced when needed.

Read More

Spotlight

Entropy Solar Integrators

Entropy provides project developers with equity investment needed for a wide variety of energy related projects. We help to move your development forward with speed, transparency and ease. We are working with developer, owners, and searching for energy project opportunities that align with our investment goals.

Events