Another success for SOWITEC with the sale of a 200-MWac solar project in Brasil

Sonnenbühl, January 10th, 2019 – The SOWITEC group, one of the leading developers of renewable energy projects in the wind and solar sector, has sold through his subsidy SOWITEC do Brazil a 200 MWac photovoltaic project in the state of Pernambuco to a major European power utility. Through this sale, the second major solar project is successfully sold within the past nine months, after a 400 MW project had already been sold to the same investor in May 2018. Both projects are part of a solar cluster with a total capacity of up to 1,000 MW.

SOWITEC has been present in Brazil since 2002 with a subsidy in Salvador da Bahia. SOWITEC do Brasil currently employs a multidisciplinary team of 47 highly qualified professionals and has a project portfolio of over 10,000 MW. With the experience gained from the development of almost 1000 MW of wind farms in operation, SOWITEC is already established as one of the most important project developers on the Brazilian wind market and is now well on its way to positioning itself as a leading solar developer.

„After two difficult years due to the political and economic crisis in Brazil, we are pleased to have successfully completed this sale. Further project sales have already been initiated and we are confident that we will be able to announce the next successful deals in the first half of 2019"; says Matthias Pfister, Managing Director of SOWITEC do Brasil.

About SOWITEC:

As one of the leading global project developers for renewable energies, SOWITEC is active in 14 countries with a focus on the rapidly growing emerging and developing countries. With almost 200 employees, SOWITEC covers all areas of solar and wind power project development: from planning and conception, energy and profitability calculations, through construction management, sales and financing to the technical and commercial management of wind and solar parks. Almost 60 wind and solar projects with over 2,700 MW developed by SOWITEC are currently in operation or under construction in eight countries.