Brazil's Cemig acquires 11 solar power plants for 155 million reais

en.Wedoany.com Reported - Minas Gerais Energy Company (Cemig), through its wholly-owned subsidiary Cemig SIM, has completed the acquisition of 11 distributed generation photovoltaic power plants located in the northern part of the state for 155 million reais. These plants have a total installed capacity of 26.2 MWp, and the related assets are operated by three special purpose companies fully taken over by Cemig SIM.

These distributed photovoltaic assets are distributed across municipalities such as Riachinho, São Romão, Brasilândia de Minas, and Porteirinha. According to the company, the electricity generated by these plants is sufficient to meet the demand of a city with approximately 20,000 residents, avoiding about 2,028 tons of carbon dioxide emissions annually. Cemig stated that this transaction aligns with its strategy to increase participation in wholly-owned assets, improving operational efficiency through commercial, administrative, and operational synergies. This acquisition of distributed photovoltaic projects helps the company further expand its renewable energy business in Minas Gerais. Cemig will continue to advance its asset deployment in distributed photovoltaic and other clean energy sectors.

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