to-the-point: China’s BYD to set up PV research centre in Brazil

http://bit.ly/2t5Xy22

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)  

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