Latest News In Energy Transition - Brazil Expands Renewable Capacity With New Solar and Hybrid Plants

Statkraft, Europe's leading renewable energy producer, has marked a significant development in the energy transition by inaugurating new solar and hybrid plants in Brazil during the COP30 climate summit in Belém. These projects, including the Morro do Cruzeiro Solar and Santa Eugênia Solar, add a combined 340 MWp of clean energy to Brazil's system, supporting the global drive to triple renewable energy capacity. The projects are expected to generate 3,400 GWh annually and save 111,000 tons of CO2, showcasing the potential of solar, wind, and battery storage in advancing climate goals. Statkraft's efforts highlight the importance of renewable energy in reducing emissions and illustrate the tangible benefits of transitioning from fossil fuels, contributing to Brazil's leadership in renewables and supporting local development.

In other market news, Kajima (TSE:1812) was trading firmly up 8.7% and finishing the session at ¥5,657. At the same time, Hainan Jinpan Smart Technology (SHSE:688676) softened, down 7.9% to end the day at CN¥83.80.

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Sources:

• Simply Wall St
• "Statkraft delivers on climate ambitions: Opens new solar and hybrid plants in Brazil" from Statkraft AS on GlobeNewswire (published 11 November 2025)

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