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Sustainability & ESG

Company invests R$1,42 billion and opens solar plant in Minas Gerais

Newave Energia SA's photovoltaic project, in Arinos (MG), has an installed capacity of 435,8 MWp

SOLAR CHANNEL - Company invests R$1,42 billion and opens solar plant in Minas Gerais

Newave Energia invests R$1,42 billion in Arinos (MG). Credit: Disclosure/Invest Minas

A new photovoltaic solar plant was inaugurated this Wednesday (4), in Arinos (MG), with a private investment of R$ 1,42 billion, attracted entirely by the Government of Minas, through the State Secretariat for Economic Development and Invest Minas – the investment promotion agency of the Minas Gerais government. 

The project developed by Newave Energia SA has an installed capacity of 435,8 MWp and will generate around 300 direct jobs in the region, in addition to increasing the production of photovoltaic solar energy in Minas Gerais – a state that already accounts for more than 21% of Brazil's production.

The inaugurated solar plant also has relevant investors, such as Gerdau, one of the largest Brazilian multinational steel producers, and the stock brokerage XP.

Established in 2021, Newave Energia SA operates as a retail energy trader and currently has a 2,5 GW portfolio of photovoltaic and wind solar energy projects. 

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“The progress is the result of robust investments, a natural environment conducive to solar energy and, of course, effective public policies”, analyzes the Deputy Secretary of State for Economic Development of the State of Minas Gerais, Frederico Amaral e Silva.

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Henrique Hein
About the Author
Henrique Hein

He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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