China Energy Engineering Corporation Ltd. (CEEC) has successfully completed the transaction for its first renewable energy investment in Brazil — the Coremas Photovoltaic Project. CEEC Overseas Investment Co., Ltd. is now the controlling shareholder and will oversee the operation and management of the project.

This marks a significant milestone for CEEC’s expansion in the South American renewable energy market, bringing new momentum to China–Brazil cooperation in clean energy.

Located in Paraíba State, northeastern Brazil, the Coremas PV Project has a total installed capacity of 93 MW and an annual generation of 167 million kWh — enough to power over 80,000 households each year, reducing about 20,500 tons of standard coal and cutting carbon emissions significantly.

The project has also created nearly 100 local jobs, boosting the regional economy and improving community livelihoods.

Going forward, CEEC Overseas Investment will enhance the project’s operation and maintenance, upgrade system performance, and build the Coremas PV Project into a benchmark solar project in South America. Guided by CEEC’s “Four New” strategy, the company will strengthen cooperation with local governments, industry leaders, and financial institutions to advance clean energy and sustainable development in the region.

Summary

CEEC has completed its first renewable energy investment project in South America — the 93 MW Coremas PV Project in Brazil, marking a major step in China–Brazil green energy cooperation.