SOWITEC sells six Wind Projects totaling 552 MW in Brazil and signed a contract for a 130 MW PV-project in Colombia

Sonnenbühl, February 18th, 2020 – The SOWITEC group, one of the leading developers of renewable energy projects in the wind and solar sector, has sold five wind projects in Brazil with a total capacity of 483 MW to a major international Power Utility. All projects are part of a 1.000 MW wind cluster in the state of Bahia. As well in the state of Bahia additional 69 MW of a wind project with a final capacity of up to 800 MW could be sold to a big European Power Utility. For the projects bilateral Power Purchase Agreements are already signed in the free market.

Another big success could be achieved in Colombia with the signature of a Project Development Agreement of a 130 MW solar project with a big European Power Utility. The project is located in the Northeast of the country.
“The sale of the Brazilian wind projects to leading global power utilities is an additional important milestone and proves again the big trust of investors into SOWITEC and our projects. This applies as well to our success in Colombia where the government is supporting the implementation of renewable energy since last year. "; says Frank Hummel, CEO of SOWITEC.

SOWITEC is present in Brazil since 2002 and in Colombia since 2012. SOWITEC do Brazil currently employs a multidisciplinary team of 47 highly qualified professionals and has a project portfolio of over 10,000 MW. 18 professionals are developing around 1.000 MW of wind and solar projects in Colombia. In both markets SOWITEC is one of the leading developers.

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. More than 60 wind and solar projects with over 2,700 MW developed by SOWITEC are currently in operation or under construction in eight countries.
www.sowitec.com