Spanish solar power developer, Solatio, will invest R$21bn ($5.7bn) through 2023 to build around 7GW of new solar PV capacity in Brazil - more than three times 2GW installed.

“Up to the end of 2022, we’ll build 70% of the capacity projected and the rest will be built in 2023,” says Pedro Vaquer, Solatio’s Brazil manager in meeting with the government of Minas Gerais state broadcast over social networks.