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Cemig SIM should allocate billionaire investments to the energy efficiency and solar energy solutions markets by 2025
Cemig SIM, a Cemig Group company focused on renewable energy, will receive contributions of R$ 1 billion by 2025, from its parent company, to invest in projects related to solar energy farms. According to the company, the investment is aimed at expanding its share in the shared distributed generation market from the current 10% to 30% by the end of 2025. The company, which currently has 11 solar farms already in operation, intends to inaugurate more seven in the first half of 2021. See also: Electronic payments company invests 25 million to build solar power plant for Bitcoin mining
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Contributions to be made in the company of the solar energy sector
João Paulo Campos, director of business development and finance at Cemig SIM, says that Cemig's strategic planning foresees an investment of R$ 1 billion in the distributed generation business, which takes place through Cemig SIM. However, they will seek an optimal capital structure, that is, it will not necessarily be with their own resources, and, according to the executive, some type of leverage can be used to monetize and optimize results in the solar energy sector.
The CEO of Cemig SIM, Danilo Gusmão, says that they believe that the future of the electricity sector involves an increase in the volume of distributed resources and intelligent systems. According to him, it is Sourcing for the company to strengthen its operations in the distributed generation (GD) segment, or solar energy by subscription.
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Cemig SIM's projects
The resources to be realized make up the strategy plan recently announced by the company, which consists of achieving, by 2025, 30% of participation in the subscription solar energy market in the state of Minas Gerais with earnings before interest, taxes, depreciation and amortization (Ebitda) at R$ 170 million annually.
Danilo also points out that Cemig SIM has maintained constant progress since its inauguration, held in October 2019, being guided by an institutional plan that aims to ensure constructive participation – both from a regulatory and financial point of view – in the development of a model sustainable distributed generation of solar energy.
The executive says that the distributed generation market is characterized by many agents, but Cemig SIM will continue to focus on Minas Gerais. Gusmão says that he believes in the strength of the brand, which carries the solidity and credibility of the Cemig Group, and also has capillarity in the relationship with customers throughout the state.
Cemig SIM's activities
Danilo detailed that Cemig SIM instituted an optimized and digitized commercial model of service, adopting digital solutions. According to him, at first, the company operated only in the commercial sectors (companies from different segments, condominiums, bank branches, supermarkets, bakeries, pharmacies, factories, bank branches and stores). The company expanded, as of April, the supply destined to the residential public, suitable for consumption greater than 300 kWh.
Currently, Cemig SIM has approximately three thousand subscription solar energy customers in its portfolio. The company's CEO says that, with the strategic investment that is starting now, everyone is confident that Cemig SIM's offer of products and services is complete and provides greater commercial opportunities for loyalty and long-term relationships for customers with the most varied needs.
