- Company Brief
- Fitch Solutions
CGN Brasil And SAM Sign Agreement For 800MW Solar Project In Minas Gerais, Brazil
THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.
News: The Minas Gerais State Economic Development Secretariat and Invest Minas have signed an agreement to support CGN Brasil Energia e Participacoes and Sul Americana de Metais (SAM) for the construction of an 800MW solar project in the Brazilian state of Minas Gerais. The project is estimated to cost BRL3.0bn (USD554.4mn). Under the terms of the deal, CGN and SAM will form a joint venture to develop the solar facility. Construction is scheduled to start in 2024 (Renewables Now).
This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.