June 23 (Renewables Now) – Chinese batteries and electric vehicles maker BYD Company Ltd (HKG:1211) said on Thursday it will establish its first overseas photovoltaic (PV) research centre in Brazil.
The company has signed a letter of cooperation with the University of Campinas (Unicamp) in Brazil’s state of Sao Paulo. Under the agreement, BYD commits to transfer over BRL 5 million (USD 1.5m/EUR 1.3m) by 2020 to set up a PV research centre at the university.
The news comes after BYD opened a solar panel factory with a capacity of 200 MW in Campinas in April. It says the factory makes it the first company in Brazil that offers comprehensive zero-emission energy ecosystem projects, including generation, storage and transportation, to the local market.
(BRL 1 = USD 0.299/EUR 0.268)