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China s SPIC pumps $147m into Brazil wind farms, launches solar parks

The company is diversifying its portfolio and aiming to become one of Brazil's three largest energy generators.

China s SPIC invests $147 million in Brazil wind farms, launches solar parks

Chinese electricity company SPIC announced on Wednesday a 780 million reais ($147.41 million) investment in construction of two new wind farms in Northeastern Brazil, while making its debut in the country's solar sector, with two large parks beginning operations. The company is diversifying its portfolio and aiming to become one of Brazil's three largest energy generators, Adriana Waltrick, CEO of SPIC's Brazilian unit, told Reuters. SPIC's new wind farms, to be built in Rio Grande do Norte state, will have a combined installed capacity of 105.4 megawatts (MW) to be sold on the free energy market.

Brasil s deforestation drops 11 6 pct in 2023

Brazil lost 1829597 hectares of native vegetation in 2023 a decrease of 116 percent in deforestation compared to 2022 monitoring network MapBioma

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