- Voltalia has offloaded a 33% equity stake in a 320MW solar PV project in Brazil.
- SSM1&2 will operate under five power off-take deals with an average duration of 16 years.
French renewable power producer Voltalia has offloaded a 33% equity stake in the 320MW Solar Serra do Mel 1&2 (SSM1&2) photovoltaic (PV) project in Brazil to an investment fund, STOA.
The SSM1&2 project is part of the 2.4GW Serra Branca wind and solar cluster, touted as the largest one of its kind globally. Currently, under construction in the state of Rio Grande do Norte, the solar complex is slated to begin operations in the first half of 2022. SSM1&2 will operate under five power off-take deals with an average duration of 16 years.