South Korea-based OSolar Ltd. has signed a memorandum of understanding (MOU) with the City of Taubate, Sao Paulo, Brazil.
Under the terms of the MOU, OSolar will conduct feasibility studies, arrange project financing, and provide PV power plants with a total capacity of 200 MW. The city has pledged to secure land for the projects and nominate OSolar for what the company says is South America's first utility-scale PV project development.
SOURCE: OSolar
