SeeNews Renewables — Italy’s Enel Green Power SpA (BIT:EGPW) will invest BRL 1.2 billion (USD 307.1m/EUR 283.4m) in the solar sector of Brazil’s Piaui state, state governor Wellington Dias said Thursday.

The investment should come into effect in March 2016 and be directed towards the municipalities of Ribeira do Piaui, Sao Joao do Piaui and Brejo do Piaui.

Governor Dias spent eight days traveling through Europe, drawing new agreements and investments for the state. During the announcement, he also mentioned that Meyer Burger Technology AG (SWX:MBTN) will invest BRL 400 million in a solar panel factory, to be located in Paulistana region.

Lastly, Dias said that the state’s wind power industry will attract investments, as well. The government did not gave many details, only that a company will invest in the production of wind power equipment for Piaui’s domestic use.

SeeNews Renewables
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.

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

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