Under the deal, Sustainable Bio Brazil will also provide site for EKOPLAZ equipment, as well as aids with the arrangements for power purchase agreement.

Sustainable Bio managing director Helberth de Oliveira said the company is willing, able and ready to sign deal with TGI Solar.

"We have site where the company will be able to comfortably utilize units and start generating revenues," Oliveira said.

"Sustainable Bio Brazil focuses on expansion of sustainable technologies in prosperous Brazilian market famous for battling the energy deficiencies by using eco and renewable energy sources such as biofuels."