Companies attack emerging solar energy markets in Brazil

Companies are investing in regions with less competition, but with good growth possibilities
3 minute(s) of reading
Empresas atacam mercados emergentes de energia solar no Brasil
Photo: Origo Energia

That the growth of solar energy at the Brazil has been attracting the attention of investors from all over the world, with thousands of companies injecting resources (often billions) into the implementation of projects photovoltaics, that's not news. 

However, what we see today are companies global and national sectors seeking to establish themselves in Brazilian regions where the source has not yet developed that much as much as it could.

The result of this: a diversification even greater solar energy throughout the national territory and not just in states like São Paulo and Minas Gerais, which lead generation statistics in the country. 

The multinational Helexia, for example, reported that it obtained, in March this year, from the BNDES (National Bank for Economic and Social Development) financing of R$ 90 million for the construction of distributed generation projects in Brazil.

The French company intends to reach a portfolio of 110 MWp in 2023, with photovoltaic plants being developed in states such as: Goiás, Paraná, Mato Grosso do Sul and Rondônia.

Of this list, only Paraná is among the five largest producers of photovoltaic energy in the distributed micro and minigeneration segment. Rondônia, for example, is only 21st in the ranking of ANEEL (National Electric Energy Agency), which takes into account the 26 Brazilian states plus the Federal District.

“We found regions with less competition and which we believe could be a business idea in the future”, he stated Aurélien Maudonnet CEO of Helexia Brasil, in an interview with the Papo Solar Podcast. The episode will air on YouTube from Canal Solar next Wednesday (12). 

In addition to Helexia, another example of a company that also decided to invest in other Brazilian regions in 2023 is Origo Energia and Alsol Energias Renováveis, which together have investments of R$ 1.2 billion in the country. 

A Origo Energia will expand its projects in new states, such as the Federal District and Mato Grosso do Sul. To this end, it will invest R$ 500 million in solar farms that will have a capacity of up to 150 MWp. 

The project is expected to generate more than 1,100 jobs in the two locations. “We have the ideal conditions for the development of distributed generation in the two areas in which we announced growth plans. With the activities, we will create jobs, boost the local economy, contribute to the development of regions and to the democratization of access to renewable energy”, said Surya Mendonça, CEO of the company.

Already the Alsol Renewable Energies – which came to be called (re)energisa after being purchased by Grupo Energisa – also obtained credit from BNDES to invest R$ 700 million in the implementation of 49 new photovoltaic plants, in the distributed generation modality, in the states of Mato Grosso, Mato Grosso do Sul and Rio de Janeiro.

This is the largest financing granted by the bank for a distributed generation project in Brazil, as explained by Luciana Costa, director of infrastructure, energy transition and climate change at BNDES. 

“This investment will bring distributed solar energy to 28 municipalities, where 49 plants will be installed that will benefit more than 4,500 micro, small and medium-sized companies, which will be able to offset their consumption and obtain savings on their energy bills, in addition to contributing to the energy transition”, pointed out the executive. 

Picture of Henrique Hein
Henry 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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