GPG, the international electricity generation subsidiary of Naturgy, has issued infrastructure debentures to refinance two solar photovoltaic power generation plants in Brazil.
Savanna is the latest solar power generation project by Global Power Generation in Brazil, confirming its commitment to this technology following the entry into commercial operation of the Sobral and Sertão projects last year. Acquisition of the project was completed on 6 April, following approval by the competent regulator in Brazil. Construction work began ten days later, and should conclude by the end of the year. Commercial operation by the Savanna plant is expected to begin at the end of the year.
The first photovoltaic generation project developed by Global Power Generation (GPG) was brought into commercial operation in September in Brazil. It consists of two solar energy plants of 34.74 MWp each, located in the northern state of Piauí in Brazil. Approximately 85 million euros was invested into Sobral I and Sertao I, which were built in a record time of 8 months.