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[PRESS RELEASE] Faro Energy launches new solar plant in Minas Gerais, Brazil, investing BRL 12 million

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Faro Energy launches new solar plant in Minas Gerais, Brazil, investing BRL 12 million

 

The Solar power plant started operating at the end of March and will generate 5,500 MWh per year, equivalent to the electricity required for 3,710 houses

 

Faro Energy, a London headquartered B Corporation which invests in solar energy projects across Latin America, has launched its new solar power plant in Pirapora, Minas Gerais, southeast of Brazil. The new project is part of the company's plans to expand its operations throughout Brazil in 2019. Three more plants are expected to be launched within the next six months.

 

The R$ 12 million (US$ 3,5 million) project includes over 7,700 solar panels and produces 2.5 MWp power. The system covers 100,000 m2 of built surface, the equivalent to approximately 25 soccer fields. The plant will generate 5,500 MWh of clean energy each year, equivalent to that used by more than 3,700 households in the Minas Gerais State. The new system will avoid the emission of 2,500 tonnes of carbon dioxide each year.

 

This project took eight months to be completed and connected to the local energy distribution grid, coming into operation in late March 2019. The solar plant is part of a long-term system rental agreement between Faro Energy and a Brazilian retail group. The main purpose of the project is to provide energy to more than 300 stores in the state of Minas Gerais.

 

The upfront investment required to build solar power plant was made entirely by Faro Energy as a part of the agreement with the client, which benefits from all of energy produced by the system and injected into to the local distribution grid. The client can use the energy credits at any of their facilities within the covered area.

 

The Pirapora plant contract includes a long-term rent, with the whole operation and maintenance provided by Faro Energy and its partners.

 

“Clean and sustainable renewable energy, such as solar power, is not only beneficial from an environmental perspective – it provides a significant financial benefits for the client both in direct cost savings and in predictability of costs”, said Pedro Mateus, Faro Energy's Head of Brazil and CFO. 

 

 

Key data points:

 

·         7,680 solar panels covering an area of 100,000 m2;

·         Generates 5,500 MWh of clean energy each year;

·         The plant took eight months to be built and started its operations in March 2019.

 

 

About Faro Energy

The Faro Energy Group, headquartered in London, invests in and develops renewable energy projects in Latin America. As of 2019, it is primarily focused on the rapidly growing distributed solar generation market in Brazil. Faro invests 100% of necessary capital to build, operate and maintain all solar power plants, establishing a long-term rental agreement with its client. Faro is very proud to be a B Corp.

 

 

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Faro Energy launches new solar plant in Minas Gerais, Brazil, investing BRL 12 million

 

The Solar power plant started operating at the end of March and will generate 5,500 MWh per year, equivalent to the electricity required for 3,710 houses

 

Faro Energy, a London headquartered B Corporation which invests in solar energy projects across Latin America, has launched its new solar power plant in Pirapora, Minas Gerais, southeast of Brazil. The new project is part of the company's plans to expand its operations throughout Brazil in 2019. Three more plants are expected to be launched within the next six months.

 

The R$ 12 million (US$ 3,5 million) project includes over 7,700 solar panels and produces 2.5 MWp power. The system covers 100,000 m2 of built surface, the equivalent to approximately 25 soccer fields. The plant will generate 5,500 MWh of clean energy each year, equivalent to that used by more than 3,700 households in the Minas Gerais State. The new system will avoid the emission of 2,500 tonnes of carbon dioxide each year.

 

This project took eight months to be completed and connected to the local energy distribution grid, coming into operation in late March 2019. The solar plant is part of a long-term system rental agreement between Faro Energy and a Brazilian retail group. The main purpose of the project is to provide energy to more than 300 stores in the state of Minas Gerais.

 

The upfront investment required to build solar power plant was made entirely by Faro Energy as a part of the agreement with the client, which benefits from all of energy produced by the system and injected into to the local distribution grid. The client can use the energy credits at any of their facilities within the covered area.

 

The Pirapora plant contract includes a long-term rent, with the whole operation and maintenance provided by Faro Energy and its partners.

 

“Clean and sustainable renewable energy, such as solar power, is not only beneficial from an environmental perspective – it provides a significant financial benefits for the client both in direct cost savings and in predictability of costs”, said Pedro Mateus, Faro Energy's Head of Brazil and CFO. 

 

 

Key data points:

 

·         7,680 solar panels covering an area of 100,000 m2;

·         Generates 5,500 MWh of clean energy each year;

·         The plant took eight months to be built and started its operations in March 2019.

 

 

About Faro Energy

The Faro Energy Group, headquartered in London, invests in and develops renewable energy projects in Latin America. As of 2019, it is primarily focused on the rapidly growing distributed solar generation market in Brazil. Faro invests 100% of necessary capital to build, operate and maintain all solar power plants, establishing a long-term rental agreement with its client by. Faro is very proud to be a B Corp company 

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Com investimentos de R$ 12 milhões, Faro Energy inaugura usina de energia solar em Minas Gerais

 

Com início da operação realizado no fim de março, planta terá capacidade de geração de energia de 5.500 MWh/ano, equivalente ao consumo de 3.710 habitações

 

A Faro Energy, empresa B Corp sediada em Londres que realiza investimentos em projetos de energia solar distribuída na América Latina, inaugurou no fim de março a sua mais nova planta no país no município de Pirapora, no norte de Minas Gerais. A nova unidade faz parte dos planos da companhia em expandir suas operações de forma expressiva no Brasil em 2019, já prevista a inauguração de mais 3 usinas nos próximos 6 meses.

 

Com investimentos na ordem de R$ 12 milhões, a usina solar possui uma área de 100 mil m² (equivalente a 25 campos de futebol), com cerca de 7.700 módulos fotovoltaicos instalados. Isso resulta em uma potência total do sistema de 2,5 megawatt-pico (MWp). A capacidade de geração limpa é de 5.500 MWh/ano, equivalente ao consumo de 3.700 habitações em Minas Gerais, evitando a emissão de aproximadamente 2.500 toneladas de CO2/ano.

 

O projeto, que levou 8 meses para ser conectado à rede da distribuidora local, e teve início operacional no fim de março de 2019, faz parte de um contrato de locação de equipamentos de longo prazo capitaneado pela Faro Energy junto a um grande grupo do setor varejista. O projeto terá por objetivo atender cerca de 300 lojas situadas no Estado de Minas Gerais.

 

Com o investimento inicial realizado pela própria Faro Energy junto ao cliente do projeto, toda a energia gerada pela usina é enviada para a rede da distribuidora do local onde a planta foi alocada. Com isso, o cliente da unidade pode receber os créditos de energia em qualquer unidade consumidora dentro da área de concessão da distribuidora.

 

O contrato da planta em Pirapora prevê uma locação a longo prazo, com toda a operação e manutenção do projeto realizada pela própria Faro Energy e por seus parceiros.

 

"Entendemos que os benefícios da utilização de uma energia limpa, renovável e sustentável, como a solar, é extremamente relevante não só em termos ambientais e de previsibilidade de custos, mas também de retornos financeiros para o cliente", afirma Pedro Mateus, diretor financeiro e responsável pela operação da Faro Energy no Brasil.

 

Principais destaques:

 

·         7,680 painéis solares cobrindo uma área de 100,000 m²;

·         Geração de 5,500 MWh de energia limpa a cada ano;

·         A planta levou oito meses para ser construída e iniciou operações em março de 2019.

 

 

Sobre a Faro Energy:

A Faro Energy, com sede em Londres, é uma empresa de investimento em projetos de geração de energia solar distribuída na América Latina. A companhia investe 100% do capital necessário para implantar, gerir e manter a planta, com um modelo de negócios que prevê um acordo de longo prazo, junto ao contratante, para locação da usina. A Faro tem muito orgulho em fazer parte da comunidade B Corp.

 

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