It will be Renova's first wholly-owned solar project, and aims to develop technologies and expertise, and to optimise electrical and transmission networks.
The project will be built by its special purpose company Itaparica Centrais Elétricas and will have solar capacity of 4.8MW and a wind capacity of 21.7MW, the company said.
Renova has signed a 10-year, R$108m ($49m) loan deal with Brazil's federal innovation financing company Finep for the project.
It
