What is the latest status of the project “Araxá 1 and Araxá 2 solar plants”?

The status recorded for “Araxá 1 and Araxá 2 solar plants” is active.

Who are the main government, EPC, and private stakeholders for “Araxá 1 and Araxá 2 solar plants”?

Taiyo maps the stakeholders of “Araxá 1 and Araxá 2 solar plants”: government bodies (World Bank Group).

What is the budget and commercial profile for the project “Araxá 1 and Araxá 2 solar plants”?

Taiyo normalizes the budget of “Araxá 1 and Araxá 2 solar plants” to USD 38600000.

Where can I verify the source and access all details for “Araxá 1 and Araxá 2 solar plants”?

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/araxá-1-and-araxá-2-solar-plants-10776). Taiyo standardizes official data into a consistent, searchable project profile.

Araxá 1 and Araxá 2 solar plants

Sector: Commercial • Location: Brazil

Source: World Bank Group

Project

Active

The project involves the construction of Araxá 1 and Araxá 2 solar PV plants, located in the municipality of same name in Minas Gerais, Brazil. Sponsor is Spanish Powertis SA.

Both projects are part of the 90MW Araxa solar pv complex, and received BRL194 million ($38.6 million) from BNDES. The loan was provided under BNDES' Finem credit programme, which takes into account social benefits that the

Status: Prospective
Sector: Commercial, Power Generation (CCGT), Solar, Government
Location: Brazil
Updated: 22 Jul 2026
Source: World Bank Group

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Project Information

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The project “Araxá 1 and Araxá 2 solar plants” is an infrastructure initiative in the Commercial sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status	active
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The project involves the construction of Araxá 1 and Araxá 2 solar PV plants, located in the municipality of same name in Minas Gerais, Brazil. Sponsor is Spanish Powertis SA. Both projects are part of the 90MW Araxa solar pv complex, and received BRL194 million ($38.6 million) from BNDES. The loan was provided under BNDES' Finem credit programme, which takes into account social benefits that the projects can generate. Financial close was announced in October 2020. Planning to bring them live by the end of 2021, the Spanish firm estimates that the PV plants will be able to cover the consumption of 123,000 houses once operational. https://renewablesnow.com/news/bndes-okays-funding-for-505-mw-of-solar-in-brazil-718390/ https://gauchazh.clicrbs.com.br/economia/noticia/2020/10/bndes-financia-r-11-bi-para-projetos-de-500-mw-de-energia-solar-na-ba-e-mg-ckgmpja9z000701jdenb5lqm5.html https://ijglobal.com/data/transaction/53333/araxa-solar-pv-complex-90mw
Original sector	Energy
Budget

Location

Country

Brazil

Source

Source	World Bank Group
URL

More Details

Record type	Project
Sector	Commercial, Power Generation (CCGT), Solar, Government
Article published date	2024-09-23

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