Iberdrola Plans 630 kW Floating Solar Project In Brazil

• Iberdrola has announced Brazil as the location to build the company's 1^st floating solar power plant globally
• The 630 kW project will be designed to generate close to 1,240 MWh annually with €2 million investment
• Electricity supplied by the floating PV facility will cover over 50% of Compesa's electricity needs

Spanish energy company Iberdrola has picked Brazil to build its 1^st ever floating solar power plant, on the surface of Xaréu Dam on the island of Fernando de Noronha — a UNESCO recognized World Natural Heritage Site — with 630 kW capacity through its subsidiary Neoenergia.

The project will be equipped with 940 solar panels designed to generate around 1,240 MWh annually. Iberdrola says it will cover more than 50% of the energy needs of the island's water and sewage distribution network that's operated by Companhia Pernambucana de Saneamento (Compesa).

The €2 million project will enable Iberdrola to test the new technology and analyze its possible expansion.

It will be built with the support of the Energy Efficiency Programme regulated by the National Electric Energy Agency (Aneel) of Brazil. Construction of this facility is scheduled to begin before the end of 2023.