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General Electric enters Brazilian solar market

General Electric (GE) and MPX, a division of EBX Group, owned by businessman Eike Batista, have entered into a partnership that will double the output of the latter company’s first solar power plant in Brazil.
General Electric enters Brazilian solar market

The deal is a milestone for GE, which is entering the Brazilian solar energy market for the first time.

At present the facility in the Brazilian state of Ceara, has 4,680 solar panels producing 1 MW of electricity – enough to power 1,500 homes in the region, MPX said in a statement.

GE will provide an additional 1 MW of capacity, which be delivered by the technology giant’s thin film panels, Brilliance™ inverters, transformers and SunIQ™ monitoring and control system.

“MPX is a pioneer in solar energy in Brazil and has invested in developing solar energy for the medium and long term. Working with GE, we plan to ultimately grow our business at this plant to 50 MW,” said Eduardo Karrer, the CEO of MPX.

Since its inception, the 12,000-square meter plant has garnered nearly $5.8 million in investment, including $695,000 from the Inter-American Development Bank (IADB).

“Today’s announcement with MPX signals our entry into the Brazilian solar industry,” said Marcelo Soares, president and CEO of GE Energy Latin America. “GE is committed to providing innovative solutions for our customers’ challenges, and we look forward to working with MPX in the solar arena.”

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General Electric

Tags: Solar , Electricity
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