GE and Atlas Renewable Energy Partner to Deliver Solar Farms in Brazil

“Levelized cost of energy is a key indicator to drive investment decisions, among which capex and opex are fundamental drivers. GE’s solutions would ensure the bankability of our solar plants, ensuring that our assets are backed by a reliable and competitive solution that complies with our stringent quality and long-term performance standards,” said Carlos Barrera, CEO, Atlas Renewable Energy. GE will provide the inverters that sit in 4-megawatt (MW) or 2-MW solar skids for the 120-MW Juazeiro project and 54-MW São Pedro project. Manufactured in its factory in Betim, GE’s LV5 obtained accreditation from the Brazilian Economical and Social Development Bank (BNDES). This achievement marks GE as the first supplier of 1,500-volt solar inverter technology compliant with Finame requirements. The BNDES accreditation will allow GE’s customers to get BNDES financing at more attractive interest rates. GE has so far secured nearly 1 gigawatt of order in the country and will ship in total half a gigawatt by the end of this year to support local solar farms. Source / More: GE oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>