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C&A Announced a Partnership with Faro Energy for the Construction of Solar Power Plants in Rio de Janeiro and Brasília
The British group Faro Energy and C&A Brazil signed an agreement to build and operate two solar power plants, which will meet the energy consumption of 11 retail stores in Rio de Janeiro and Brasília. The contract is valid for 10 years and has an installed capacity of 2.5 MW, totaling 5.5 GW per year.
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The installation and operation of the plants will be carried out by Faro Energy, a company specialized in clean energy projects. Approximately 7,000 photovoltaic panels will be used for the construction.
According to C&A, the solar plants are expected to save 20 million reais on electricity bills over the next ten years. Ciro Neto, director of development and expansion at C&A in Brazil, states that “We were pioneers in using the free energy market, which allows the purchase of energy from renewable sources to supply our operations.”
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Ciro also mentions that in 2020, C&A already enabled 200 stores to receive solar energy and invested 250 million reais in renewable energy projects throughout Brazil. The company’s goal is to reach an investment of US$ 800 million by 2023.
It is estimated that the partnership between the two companies will prevent the emission of 18,000 tons of carbon dioxide per year with the use of solar energy from the two plants in Rio de Janeiro and Brasília. The retailer also estimates that it could save about 20 million reais before the end of the contract.
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