Nanjing-based ET Solar and WEG – one of Brazil’s biggest industrial groups – said their consortium will offer turnkey project construction and O&M services.
They said the involvement of WEG in the venture means it can comply with the complex local-content requirements operated by Brazil’s national development bank BNDES, which guarantees developers access to highly preferential finance rates.
WEG was a key supplier to some of the earliest projects in the Brazilian solar sector, and is one of the only sources of locally-made inverters.
ET Solar was an early Chinese adopter of the vertically-integrated model, with its operations spanning module manufacturing, development, EPC and O&M.
