Brazil Will Receive $31.3 Million Investment in Solar Energy! 14 Solar Plants Will Be Built in the States of MG, MT, SP, and PR

Written by Roberta Souza

Published on 26/05/2024 at 15:35

Foto: reprodução

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Investment Boosts Capacity of 39.7 MWp and Promotes Job Creation in Four States

AXS Energia, a company of the Roca group in the renewable energy sector, announced last Wednesday (May 22) that it has received an investment of US$ 31.3 million to finance the construction of 14 new photovoltaic solar plants in Brazil. However, AXS Energia plans to distribute the new solar plants across the states of Mato Grosso, Minas Gerais, São Paulo, and Paraná. This geographical expansion will allow more people and businesses to access clean and sustainable energy, contributing to the development of these regions and the reduction of the carbon footprint, with a total expected capacity of 39.7 MWp (megawatts-peak), according to the EPBR website.

In its long-term strategy, AXS Energia secured financing through a credit with funds from the CIFI and Triodos groups, coordinated by XP Investimentos. This initiative demonstrates AXS’s commitment to promoting clean and sustainable energy in Brazil, as well as significantly contributing to the economy and job creation in the regions where the plants will be installed.

Environmental and Economic Impact of Solar Plants

In addition to increasing solar energy generation capacity, AXS Energia expects a significant reduction in CO2 emissions. It is estimated that the new solar plants will help avoid the emission of 40 thousand tons of carbon dioxide annually. This reduction is crucial for the climate change mitigation efforts and reinforces the role of solar energy as a sustainable solution.

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Expansion and Future Investments

AXS Energia has an ambitious strategy for the future, with plans to invest R$ 1.5 billion by 2025 to increase its installed capacity to 302 MWp through 96 plants. The company has already conducted several fundraising activities to finance these projects. In 2022, AXS raised R$ 261 million, with R$ 221 million obtained through public offerings of real estate receivables certificates (CRI) and R$ 40 million through debentures. This strategy allowed the company to raise funds efficiently and diversely, contributing to its growth and development in the financial market.

In July 2023, AXS announced another significant fundraising, this time worth R$ 144 million, again using receivables certificates. These continuous investments are crucial for the expansion of solar energy infrastructure in Brazil. They demonstrate the investors’ confidence in AXS’s ability to execute large-scale projects.

AXS Energia: A Sustainable Future with Solar Plants

AXS is positioned as a leader in the shared distributed generation sector. Through this approach, multiple consumers can share the generated energy, making it accessible to a larger number of people and businesses. The company’s vision is clear: to provide clean and sustainable energy, while generating economic and environmental benefits.

Therefore, with the new investments and the planned expansion, AXS Energia is poised to play a crucial role in transforming the Brazilian energy sector. The transition to renewable energy sources is not only an environmental necessity but also an economic opportunity for Brazil, creating jobs and driving technological innovation.

Brazil Will Receive $31.3 Million Investment in Solar Energy! 14 Solar Plants Will Be Built in the States of MG, MT, SP, and PR

Investment Boosts Capacity of 39.7 MWp and Promotes Job Creation in Four States

Environmental and Economic Impact of Solar Plants

Expansion and Future Investments

AXS Energia: A Sustainable Future with Solar Plants

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Brazil Will Receive $31.3 Million Investment in Solar Energy! 14 Solar Plants Will Be Built in the States of MG, MT, SP, and PR

Investment Boosts Capacity of 39.7 MWp and Promotes Job Creation in Four States

Environmental and Economic Impact of Solar Plants

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AXS Energia: A Sustainable Future with Solar Plants

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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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