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27 November 2024

Solar Serra do Mel

Located in Brazil, Solar Serra do Mel (SSM) is a solar power plant developed by the French company Voltalia, an international player in the renewable energy sector. STOA became a shareholder in 2022 with the aim of contributing to Brazil’s low-carbon transition.

Challenges

Brazil, Latin America’s largest electricity producer, is diversifying its energy mix by developing non-conventional renewables such as solar and wind. The country takes advantage of its exceptional wind and solar conditions to produce some of the cheapest electricity in the world.

The Project

Solar Serra do Mel solar farm is part of the world’s largest wind and solar power cluster, the Serra Branca cluster. It was gradually commissioned by Voltalia from April 2021, as the solar panels and infrastructure were installed. The most powerful solar power plant has been operational since October 2022.

With a current capacity of 320 megawatts instead of the 32 originally planned, SSM is now Voltalia’s largest solar project in the world. The project has grown tenfold by signing long-term power purchase agreements with customers including Copel, one of Brazil’s leading utilities. These contracts have an average term of sixteen years.

We are pleased to conclude this second partnership with STOA. It illustrates our model of working with long-term partners on the power plants developed, built, and operated by Voltalia.

Sébastien Clerc, CEO of Voltalia

Key facts

Company: Solar Serra do Mel

Infrastructure: Solar

Geographic Area: Brazil

Stake: 33%

Since: 2022

Co-shareholder: Voltalia

See Project News
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