BDMG and European Bank Invest R$ 170 Million in Solar Energy Projects in Minas Gerais

Written by Andriely Medeiros de Araújo

Published on 30/05/2025 at 14:09

O Banco de Desenvolvimento de Minas Gerais (BDMG) firma parceria com Banco Europeu de Investimentos para financiar 22 projetos de energia solar em Minas Gerais. Imagem: CANVA

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BDMG Signed a Partnership with the European Investment Bank to Fund 22 Solar Energy Projects in Minas Gerais.

The Development Bank of Minas Gerais (BDMG) has just officially announced a new investment of R$ 170 million, in partnership with the European Investment Bank (EIB), to promote 22 photovoltaic solar energy projects in the state.

The initiative reinforces Minas Gerais’ leadership in the clean energy sector, with a direct impact on 14 municipalities and an expected annual reduction of around 12 thousand tons of CO₂ emissions.

The celebration of the new financing coincides with World Energy Day (05/29) and a historic achievement for Minas Gerais: the state has surpassed the mark of 12 gigawatts (GW) of monitored solar energy capacity.

ARTICLE CONTINUES BELOW

Solar Energy Advances in Minas with International Support

With an investment of € 27.5 million, the new projects will be implemented in strategic regions of Minas Gerais, consolidating the state as a national reference in solar energy generation.

The cities benefiting include Guaxupé, Sete Lagoas, Araxá, Caeté, among others.

Most of the initiatives will be carried out in municipalities with fewer than 20 thousand inhabitants, contributing to local economic development and diversification of the energy matrix.

Agreement on Solar Energy Projects Strengthens Long-standing Partnership Between BDMG and EIB

This new contract marks another chapter in cooperation between BDMG and the European Bank, which have already jointly financed 62 previous projects since 2019, with investments exceeding € 120 million.

The partnership stands out for its emphasis on sustainability and energy transition, fundamental pillars for the green economic development advocated by the Government of Minas.

“Encouraging initiatives of this profile, including specific credit lines, is a priority for BDMG,” says Gabriel Viégas Neto, president of the Minas bank.

“The bank has contributed to green industrialization in Minas Gerais and Brazil,” he adds.

Sustainable Projects Generate Jobs and Regional Impact

Among the financed ventures is the Vale do Aço I plant, located in the municipality of Engenheiro Caldas.

With R$ 12 million in credit from BDMG, the plant is expected to produce more than five million kWh per year, enough energy to supply hundreds of consumers under the shared generation model.

According to project manager, Marcos Vinícius Tavares, the plant was structured in a consortium and will use a specialized company to convert the production into credits distributed among businesses and residences.

“The commercialization of energy will be assigned to a third-party company, which will convert what is produced into credits for the end user, whether they are commercial or residential,” he explains.

In addition to generating clean energy, the project has also created 50 direct and indirect jobs and boosted the local economy through hiring labor and purchasing materials in the region. “If it weren’t for BDMG’s support, this venture would not have come to fruition,” concludes Tavares.

BDMG Invested R$ 279 Million in Clean Energy in 2024

Only in 2024, the Minas bank has already allocated R$ 279.2 million for financing related to clean energy and energy efficiency.

The largest share was applied in solar energy projects (R$ 130.9 million), which total more than 31 megawatts (MW) of installed capacity.

Source: Diário do Comércio

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BDMG and European Bank Invest R$ 170 Million in Solar Energy Projects in Minas Gerais

BDMG Signed a Partnership with the European Investment Bank to Fund 22 Solar Energy Projects in Minas Gerais.

Solar Energy Advances in Minas with International Support

Agreement on Solar Energy Projects Strengthens Long-standing Partnership Between BDMG and EIB

Sustainable Projects Generate Jobs and Regional Impact

BDMG Invested R$ 279 Million in Clean Energy in 2024

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BDMG and European Bank Invest R$ 170 Million in Solar Energy Projects in Minas Gerais

BDMG Signed a Partnership with the European Investment Bank to Fund 22 Solar Energy Projects in Minas Gerais.

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