Voltalia, a France-based renewables developer, has sold a 420MW solar project under development in Brazil to Newave Energia for an undisclosed amount.

Newave Energia is a partnership between steel manufacturer Gerdau and Newave Capital, a Brazil-based equity investor. It will be located in the state of Minas Gerais in south-east Brazil.

Voltalia will support the solar plant’s construction, operations and maintenance.

The project is part of the larger Arinos cluster, which has the potential to generate 1.8GW of clean energy. Newave Energia has also acquired other ready-to-build solar projects within the cluster.

The solar portfolio will generate enough clean energy to meet the needs of 1.3 million people while avoiding 350,000 tonnes of CO₂ emissions annually.

The French company expects to sell 100MW of additional projects across Brazil and other countries, and provide construction and maintenance services.

Voltalia CEO Sébastien Clerc stated: “Our success with the Arinos cluster demonstrates our skill in developing high-quality energy projects.

“It not only adds to our future project pipeline of sites to be built but also lets our partners contribute to renewable energy growth. We are delighted to be joining forces with Newave Energia.”

Voltalia recently stated that its installed renewable capacity had exceeded 2GW after commissioning the 23.6MW Sud Vannier wind farm in France.

Located in the Haute-Marne region, construction on Sud-Vannier began in April 2023. It will supply the energy to French retailer Leroy Merlin through a corporate power purchase agreement.