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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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The new photovoltaic plants, located in Nova Ponte, Montes Claros, and Buritizeiro, will have an installation capacity of 30 MW (megawatts). The company’s first solar energy generation park, which started in 2020, is one of the most important, located in Pirapora (MG).
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.
