Brazil's Largest Wind Company Has Big Plans to Dominate Solar

CPFL Energias Renovaveis planning 450 megawatts of solar power
‘I am sure the solar market will take off,’ CEO Sousa says

Solar panels stand at the SoftBank Takasago Solar Park, operated by SoftBank Corp.'s unit SB Energy Corp., in Takasago City, Hyogo Prefecture, Japan, on Tuesday, Feb. 18, 2014. Average system costs for non-residential solar projects have fallen 1.8 percent to 275,000 yen per kilowatt, the Ministry of Economy, Trade and Industry said in a document today.Photographer: Yuzuru Yoshikawa/Bloomberg

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By Vanessa Dezem

December 13, 2017 at 10:00 AM UTC

This article is for subscribers only.

Brazil’s biggest wind company has set its sights on dominating the country’s nascent solar market.

CPFL Energias Renovaveis SA has 1 megawatt of solar power in operation now, a pilot project in Sao Paulo State, but has plans to build another 450 megawatts. That’s a lot in a country where there’s only 1,300 megawatts of solar panels running, compared with more than 11,000 megawatts of wind turbines spinning.