Powertis starts construction of 225 MW in Brazil

• Powertis, a Soltec Power Holdings company, will build two photovoltaic plants in Brazil, in the towns of Pedranópolis (São Paulo) and Araxá (Minas Gerais) with a total capacity of 225 MW (112.5 MW each).
• Both plants will contribute to avoiding the emission of 350,000 tonnes of CO2 per year and will supply 230,000 households each year. Their construction will create 2,800 direct and indirect local jobs.
• Soltec Power Holdings continues to grow in Brazil, where it has a project portfolio of more than 2 GW in various stages of development. In addition to existing projects in Spain and Italy, the company is studying the entry into new markets.

Powertis, a Soltec Power Holdings company, has started construction of its first photovoltaic plants in Brazil, located in Pedranópolis (São Paulo) and Araxá (Minas Gerais), with a total capacity of 225 MW (112.5 MWp each).

The project, led by Powertis, a company dedicated to the development of solar photovoltaic projects in Brazil, Italy and Spain, will enable the annual electricity supply of 230,000 homes between the two plants and will prevent the emission of approximately 350,000 tonnes of CO2 into the atmosphere per year.

The construction of the Pedranópolis and Araxá plants will also boost the creation of more than 2,800 jobs (direct and indirect), promoting employment in local communities and the inclusion of renewable energies. Soltec (the industrial division of Soltec Power Holdings) will be responsible for supplying the solar trackers that will form the photovoltaic plant, as well as providing the necessary assembly and construction services.

The start of construction of both projects follows the agreements that Powertis reached last November and December 2020 with the Brazilian National Bank for Economic and Social Development (BNDES), which approved the financing of both projects: 191 million Brazilian reals in the case of Pedranópolis and 194 million Brazilian reals for the Araxá projects.

According to Raúl Morales, CEO of Soltec Power Holdings:

"With the construction of this project we continue to strengthen the company's position in Brazil, a market with great potential. At Soltec Power Holdings, we are clearly committed to growing our business in this country, where we have a leading position and a market share of 35.7%".

Powertis has a project portfolio of more than 2 GW in various stages of development in the Brazilian market. In addition, the company has 2 GW in Spain and more than 1 GW under development in Italy, and in the coming years, the company expects to continue increasing its presence in these countries, as well as analysing the entry into new markets.

Similarly, as a sign of the company's commitment to the communities in which it operates, Powertis will carry out various environmental education campaigns in the areas of influence of the projects.

Leadership in the Brazilian market

The company's commitment to this market is reflected in major projects such as the contract it has recently signed (March 2020) with Focus Energia for the supply of solar trackers for a project in Brazil amounting to 852 MW, which corresponds to the first phase of what will be the largest project in Latin America, with bifacial trackers.

About Soltec Power Holdings

Soltec Power Holdings is a leading company specialising in integrated solar PV solutions with a focus on solar tracking systems and a strong commitment to innovation.

Headquartered in Murcia, Spain, Soltec Power Holdings has been operating since 2004 and has a diversified geographic presence focused on Spain, North America and Latin America. It is present in 16 countries with more than 1,320 employees. Since its incorporation, Soltec has supplied trackers for projects with a total of 8.4 GW of installed capacity by the end of 2020. The company has been listed on the Spanish Continuous Market since 28 October 2020 under the ticker 'SOL'.