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Chinese technology used for Brazilian PV project

Chinese expertise is being sought to help in the development of 272MW of photovoltaic plants in Brazil

Brazilian and Chinese clean energy experts will team up to produce 272MW of PV plants in Brazil

A Chinese PV module manufacturer has signed a cooperation agreement with a Brazilian clean energy provider to build up to 272MW of PV plants in Brazil.

Shanghai Chaori Solar Energy Science & Technology will cooperate with S4 Clean Energy Projectos Esolucoes Sustentaveis to develop the projects over the next three years until 31 December 2015.

The companies will also establish a joint venture in the country which will have a registered capital of BRL3 million (USD1.44 million). Chaori Solar has invested BRL1.2 million into the venture which gives it a 40 per cent share whilst S4 Clean Energy will contribute BRL1.8 million which will give it a 60 per cent share.

The companies also plan to set up a joint venture and a production line to process semi-finished modules in Brazil.

The joint venture will be involved in the development, construction, operation and sale of solar power plants including the development of the 272MW projects. It will also establish a new production line in Brazil to process semi-finished modules. These locally produced products will enable the company to enjoy certain benefits from local taxations.

Chaori Solar will seek to increase the sale of its modules and, in turn, the company’s revenues through the gradual implementation of the PV projects in Brazil. The company is just one of a number of Chinese solar manufacturers keen to develop PV plants outside of China following a serious oversupply of PV modules in the domestic market in 2011.