Recurrent Energy and SPIC Inaugurate 446 MWp Solar Complex in Brazil
Recurrent Energy announced the inauguration of the 446 MWp / 360 MWac Marangatu Solar Complex in Brasileira, Brazil. SPIC owns 70% of the project, while Recurrent Energy owns the remaining 30%.
Developed by Recurrent Energy, Marangatu Solar Complex was fully energized in April 2024 after 14 months of construction. 75% of the energy generated is secured through long-term power purchase agreements (PPAs). The complex will generate enough electricity to power approximately 550,000 homes annually. Additionally, the project created around 1,500 direct jobs and 500 indirect jobs.
We are proud this project will positively impact the environment, the economy, and the local community. We look forward to further contributing to the development of renewable energy in Brazil and advancing our mission of creating a more sustainable future for all.
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