SeeNews Renewables — Itaipu Binacional, operator of Brazil-Paraguayan Itaipu power generating dam, announced on Friday it is building a 1.56-MW solar array in its parking lot.
Located in Parana state, the photovoltaic (PV) system will be comprised of 78 solar panels with a 20-kW capacity. Scheduled to go online on February 14, the system will be able to generate about 2,470 kWh per month, enough to power five small homes or 8% of the company’s executive centre, noted the company.
On weekends or holidays, when demand for energy is lower, part of the production can be absorbed by state utility Copel (BVMF:CPLE6), generating credit for Itaipu’s electricity bill. The company expects to save BRL 1,700 (USD 421.9/EUR 387.2) per month, with an eight-year return on investment.
If it turns out to be successful, the system can be replicated at other Itaipu buildings.
SeeNews Renewables goes beyond the familiar renewable markets of Western Europe and the US to encompass the potential of BRIC counties and emerging investment destinations in North Africa, the Asia Pacific, Central and Eastern Europe. SeeNews Renewables is covering all renewable energy sources: wind, solar, hydropower, biomass, geothermal and marine energy.