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Chinese firm to develop hybrid solar project in Brazil

Sunbelt International secures Ceara PV and wind project

The project will see the deployment of solar and wind power systems in Brazil
The project will see the deployment of solar and wind power systems in Brazil

A Chinese firm is to build a hybrid solar technology project in Brazil. Beijing’s Sunbelt International has secured the construction project in the northeastern state of Ceara, Brazil, which will see the deployment of its PV and wind power systems.

The project will deploy a series of CE ISO certified wind and solar turbines of Chinese manufacturer, Qingdao Xingguang Wind Power Generator Co, which is based in Jiaonan city.

The news follows on from Sunbelt announcing it is to construct a hybrid project in East Africa. The firm has secured the multi-million dollar construction project in Tanzania. It will use its hybrid technology to boost renewable energy in East Africa and help expand its projects outside of China.

Fang Soo Liu, Sunbelt International president, said: "The new affiliation with this state in Brazil will provide Sunbelt International great opportunities to develop future projects in this area. This project will also provide valuable insight from local governments who are currently drafting incentives to boost investment in solar power. The government grants will lower start up costs and attract new investors towards these environmentally sustainable projects."

Fang Soo Liu is working in partnership with Institutional Investors as well as Investment Banks that have a focus in the solar energy sector. These relationships will potentially secure funding sources to execute on the aforementioned business opportunity.

Sunbelt said it is also looking to bolster the existing management team with several new hires who possess experience in the South American region and alternative energy industry.

Due to recent government legislative revisions in Brazil, the solar market is projected to realize a 350 per cent growth rate in 2012, and continue to grow exponentially for the next several years.