European Energy and the Danish Climate Investment Fund have signed a deal to sell the project rights for a solar farm in Brazil. European Energy and the fund own 80 percent of the 91 MW project. The buyer is Brazilian utility AES-Tietê.
The project is located in the state of Pernambuco and will produce more than 150 million KWh a year. This corresponds to the average electricity consumption of 55,000 Brazilians. AES-Tietê expects to connect the farm to the grid at the end of 2018.