“We are finalising a deal with a very important player in the Brazilian market," he said.

Vlasits said that the deal comprises of 20,000 polycrystalline panels that will be installed in Renova's wind-solar hybrid project in the northeastern state of Bahia.

The Caetité project will have solar capacity of 4.8MW and a wind capacity of 21.7MW that will be ready in 2015.

Renova has