In Order to Enable Investments in the Solar Energy Sector and Increase Jobs and Income, Minas Gerais Acquires Credit of R$ 405 Million

Written by Roberta Souza

Published on 07/05/2022 at 19:55

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Amount Raised by BDMG Aims to Promote the Diversification of the Energy Matrix in Minas Gerais Through Increased Investments in Solar Energy

It was announced this Thursday (the 5th), by the Brazilian Solar Photovoltaic Energy Association (Absolar) and the Bank of Development of Minas Gerais (BDMG), that the state of Minas Gerais will obtain credit of R$ 405 million for investments in its solar energy sector. The funds were raised by BDMG, in partnership with the European Investment Bank, and aim to enable new investments for the territory of Minas Gerais, as well as generate more jobs and income for its population.

The resources were also dedicated to encouraging the development of business opportunities for entrepreneurs and to increase access to solar energy for consumers, whether for residential, commercial, industrial, or agricultural use. Companies interested in accessing the funds must undergo a credit analysis conducted by the bank, following technical market parameters.

Entrepreneurs interested can already access the credit lines through the BDMG website.

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President of Absolar Highlights the Role of the State of Minas Gerais in Solar Energy Generation

Furthermore, Rodrigo Sauaia, executive president of Absolar, emphasized that the local production of solar energy has already brought to Minas Gerais, since 2012, over R$ 8.8 billion in new investments, resulting in the creation of more than 50,600 jobs and enabling the collection of over R$ 1.8 billion for public coffers.

Sauaia also added that Minas Gerais, a leader in the production of medium and small solar energy, is responsible for 16.8% of all installed solar energy capacity in this category, having about 1.7 gigawatts (GW) in operation in residences, businesses, industries, rural properties, and public buildings.

According to the president of Absolar, the state of Minas Gerais has 148,717 operational connections, spread across 850 cities, which represents 99.6% of the 853 municipalities in Minas Gerais. Sauaia finally added that currently, 198,854 electricity consumers already benefit from lower electricity bills, greater autonomy, and more reliable electricity.

For the state coordinator of Absolar in Minas Gerais, Bruno Catta Preta, the expansion of solar energy in Brazil, through large plants and self-production in residences, small businesses, rural properties, and public buildings, is essential for the social, economic, and environmental development of the country.

Bruno Catta Preta Advocates for the Diversification of the Brazilian Energy Matrix, Which is Highly Dependent on Water Resources

According to Catta Preta, diversifying the energy matrix through renewable sources also helps to vary the electricity supply in the country, in order to reduce pressure on water resources and the likelihood of red flag occurrences in the electricity bills of the population.

Finally, the coordinator added that Minas Gerais is currently an important center for solar energy development and that photovoltaic technology presents enormous potential for job and income increases, attracting private investments, and supporting sustainability and the fight against climate change.

In Order to Enable Investments in the Solar Energy Sector and Increase Jobs and Income, Minas Gerais Acquires Credit of R$ 405 Million

Amount Raised by BDMG Aims to Promote the Diversification of the Energy Matrix in Minas Gerais Through Increased Investments in Solar Energy

President of Absolar Highlights the Role of the State of Minas Gerais in Solar Energy Generation

Bruno Catta Preta Advocates for the Diversification of the Brazilian Energy Matrix, Which is Highly Dependent on Water Resources

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In Order to Enable Investments in the Solar Energy Sector and Increase Jobs and Income, Minas Gerais Acquires Credit of R$ 405 Million

Amount Raised by BDMG Aims to Promote the Diversification of the Energy Matrix in Minas Gerais Through Increased Investments in Solar Energy

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