Solar Energy Company Raises R$ 123 Million for Installation of New Solar Plants in Minas Gerais

Written by Roberta Souza Published on 18/11/2021 at 20:05

Foto: reprodução

Evolua Energia Is One of the First Companies in the Solar Energy Sector to Issue Green CRI in Photovoltaic Plants

Evolua Energia, a solar energy company that operates in the energy transformation in Brazil, announced the raising of R$ 123 million with Real Estate Receivables Certificates (CRI) with a Green Seal. The funds will be used by the company for the construction of new photovoltaic plants in the country by May 2022.

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With this, the startup expands its operation in the shared distributed generation market with clean, renewable energy that saves consumers money. Evolua is one of the first companies in the solar energy sector to successfully issue the CRI.

“Evolua plans to construct new photovoltaic plants and needed to undergo evaluations for the issuance of the Green CRI, which aligns with the company’s ESG policy. The company had great success with this fundraising for the new photovoltaic plants project. The company’s role in distributing solar energy has been very good. They produced clean and renewable energy, with a profitable negotiation model, so all this contributed to this market conclusion for Evolua, which has been operating for just under two years. The company already has plans for possibly a new fundraising,” says CEO Tarcísio Neves of Evolua Energia.

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About Evolua

Evolua is one of the leading solar energy companies in Brazil. Specialized in shared distributed solar energy generation, the company is recognized in the market for helping to transform the country’s energy matrix through clean, renewable, and cheaper energy.

With the aim of streamlining solar energy in Brazil, the startup manages to serve both companies and individuals. By producing solar energy in solar parks, the company feeds solar energy into the public grid, generating savings on clients’ monthly bills.

Founded in 2020 in partnership with Andrade Gutierrez, BMPI Infra, and GreenYellow, the startup is present in approximately 90% of the state of Minas Gerais and is already planning expansion to the Northeast and Southeast regions in 2022.

Solar Energy Company Raises R$ 123 Million for Installation of New Solar Plants in Minas Gerais

Evolua Energia Is One of the First Companies in the Solar Energy Sector to Issue Green CRI in Photovoltaic Plants

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About Evolua

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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About Evolua

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

The Atacama Desert, the driest place on Earth, was covered in flowers and turned into a colorful carpet with more than 200 species in the phenomenon called “desert bloom,” when atypical rains awaken seeds that had remained dormant in the soil for many years.

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Solar energy reaches 55 GW, becoming the second largest power source in Brazil’s energy mix

Brazilian scientists are simultaneously advancing two research projects on clean hydrogen and driving solutions that could transform the energy matrix, enhance industrial competitiveness, and accelerate large-scale emission reduction targets.

Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.

Solar energy can increase property value by up to 10% and become a selling point.

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