Tecnometal, NGP to Sign Power Contract for Brazil Solar Project
This article is for subscribers only.
Tecnometal Equipamentos Ltda., Brazil’s only photovoltaic panel maker, and the U.S. developer New Generation Power expect to complete a contract this week to sell energy from solar project to the municipality of Itajobi.
The electricity will be sold for less than the rates the local government pays for public lighting, which may cost as much as 400 reais ($193) a megawatt-hour, Carlos Evangelista, business manager for Tecnometal, said today in a telephone interview. He expects to sign the 20-year contract Nov. 22 with the city in Sao Paulo state.