Engie secures Brazil rooftop solar deal

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Thursday, December 1, 2016

The Brazilian unit of French energy group Engie has secured a contract with local utility Celesc to install 1,000 rooftop solar PV systems.

The 10.9mn-real (US$3.17mn) deal calls for the installation of 2.6MW of capacity in the southern state of Santa Catarina, according to an Engie Brasil statement.

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An additional 6.7mn reais will be paid to Engie by clients that acquire the systems, the cost of which will be partially subsidized by Celesc.

"We want to be at the vanguard and that's why we are offering a complete photovoltaic system solution, solar panels, inverters, engineering, installation and maintenance," Engie Brasil CEO Eduardo Sattamini said.

Engie's solar expansion comes as Brazil attempts to jump-start investment in distributed generation – or on-site renewable power systems – to reduce its dependence on hydroelectricity and avert the need to build costly power lines.

Last year the government scaled back the PIS and Cofins taxes on solar equipment while laws introduced in 2012 allow microgenerators to receive credits by exporting surplus energy to the national grid.

Brazil's energy planning agency EPE expects the country's installed solar capacity to reach 8.3GW by 2024, boosted by the fledgling rooftop segment.

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