Under the terms of the agreement, OSolar will conduct feasibility studies for the solar PV projects, arrange project financing, and provide solar PV power plants with a total capacity of 200 MW.

The City has pledged to secure land for the projects and nominate OSolar for the City’s - and furthermore South America’s - very first utility-scale solar PV project development and realisation.

Roberto Pereira Peixoto, Mayor of the City of Taubaté, says: “The fruit for collaboration with OSolar will identify and promote PV industry in the City of Taubaté and by extension, it would become a historical case study across the nation”.