Órigo Energia intends to take advantage of the entry of Augment Infrastructure as one of its main shareholders and will invest BRL 4 billion in shared generation of solar energy to serve more than 500 customers in Brazil.

For this Tuesday (02/08), the Brazilian company Órigo Energia has excellent projections regarding the business future, since the company in the field of renewables Augment Infrastructure has entered as one of the main shareholders of Órigo and will enable growth in the energy market. Thus, the company is now planning an investment of BRL 4 billion in shared solar energy generation over the next 2 years in Brazil.

Órigo Energia intends to invest BRL 4 billion in the shared solar energy generation market in Brazil by the year 2024

The company Órigo recently announced the entry of the fund manager focused on renewable and sustainable energy, Augment Infrastructure, as one of its newest shareholders, and disclosed the business growth plans in the Brazilian market.

Augment Infrastructure contributed BRL 460 million to the energy company and became one of the shareholders with the largest stake in the company, as well as TPG ART, MOV Investimentos and Mitsui, which make up Órigo's holding group. 

“We are very excited to have Augment among our investors. This move will strengthen Órigo's pioneering spirit in the subscription renewable energy sector in Brazil. Augment has decades of experience in renewable energy investments and the experience of its executives will certainly contribute to Órigo's exponential growth", commented the Chairman of the Board of Órigo and partner of Circularis Partners / TPG ART, Roel Collier, regarding the entry of Augment Infrastructure in the list of main shareholders of the company Órigo. 

In addition to getting even more contributions to grow in the national energy market, Órigo is planning to make a billionaire investment in the shared generation of solar energy in Brazil, with a capital of around R$ 4 billion by the year 2024.

In this way, the company will have an installed capacity of 1 GWp (gigawatt peak) in its solar farms to serve more than 500 thousand customers in the Southeast, Midwest and Northeast regions of the country, thus guaranteeing even greater growth in the generation business. sharing of solar energy in the national territory. 

Energy company already serves more than 50 thousand customers and billionaire investment will expand the company's presence in the shared generation of solar energy in the national territory 

The entry of Augment Infrastructure into Órigo Energia with the contribution of more than R$ 460 million to become one of the main shareholders will promote a true opening of doors in the Brazilian energy market for the company.

This is because the company will now be able to continue investing in technology and expand the service to new geographies, expanding and democratizing access to a greater number of consumers to solar energy, thus ensuring an even more focused look at renewables. 

The CEO of Órigo Energia, Surya Mendonça, also highlighted that the billionaire investment in the shared generation of solar energy will also contribute to the environmental agenda, since renewable energies are the main focus of the Brazilian energy transition.

In addition, the company will also have the possibility to expand its business portfolio in the country, which currently serves more than 50 thousand customers, with an installed capacity of more than 150 operational MWp from its solar farms in Minas Gerais, Pernambuco and São Paulo.

By the end of 2022, Órigo intends to reach an installed capacity of more than 250 MWp and continue investing in solar energy production in the country, focusing on shared generation, which is the biggest bet of the national energy sector for the coming years .