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Solar Energy Scam in Mato Grosso do Sul Exposes Million-Dollar Scheme Promising Quick Profits with Energy Credits. Understand How the Fraud Worked, Who the Victims Are, and Why the Case Raises a National Alert.
The promise of making money with solar energy seemed modern, sustainable, and secure. Furthermore, it came accompanied by tempting numbers, well-structured contracts, and a narrative of green innovation.
However, what seemed like an opportunity turned into a nightmare for investors in Mato Grosso do Sul.
The so-called “solar energy scam,” attributed to the company Alpha Energy Capital, has triggered a wave of lawsuits, federal investigations, and million-dollar losses. Although its headquarters were in Natal (RN), with a branch in Barueri (SP), the effects of the scheme spread throughout the country.
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At the same time, the fraud raises a sensitive discussion: how did a sector associated with sustainability become a lure to deceive ordinary people?
How the Solar Energy Scheme Promised Unreal Profits
Alpha Energy Capital offered monthly returns between 4% and 5% through the supposed commercialization of solar energy credits. The pitch was simple: the investor put in money, the company invested in solar plants, and the profits were shared.
However, experts point out that this profitability is incompatible with the real market. Still, the promise attracted dozens of people in different states.
According to the Federal Revenue Agency, the company claimed to operate 11 solar plants, with a monthly generation of over 1.2 million kWh. However, the investigation revealed that only one unit actually existed and was connected to the grid.
In February 2025, the Federal Police launched Operation Pleonexia, with actions in Natal, Barueri, and Goiânia. According to investigators, the company illegally moved around R$ 151 million.
Although no warrants were executed in Mato Grosso do Sul, the repercussions quickly reached the local judiciary. The 8th Civil Court of Campo Grande ordered the blocking of R$ 108 thousand from the company after a request made by one of the victims.
Federal Server Invested R$ 114 Thousand and Received Nothing
In one of the cases, a federal server signed a contract in July 2024 with an initial investment of R$ 1 thousand. “Attracted by the promise of a monthly return of 5%, he subsequently signed another eleven contracts,” according to the court action.
In total, he invested R$ 114 thousand between July 2024 and January the following year. Despite this, he received no financial return. Initially, the urgent request was denied, but the court reversed the decision and ordered the blocking of funds from the company.
In Dourados, another investor invested R$ 136 thousand, a sum saved over a decade. “Over time, the plaintiff became aware of news linking the defendant company to investigations for alleged financial crimes,” says the lawsuit.
Even with the report to the Federal Police, the court denied urgent protective measures and scheduled a conciliation hearing. So far, the company has not been located for formal citation.
Company Disappears and Blames Judicial Blocks
Alpha Energy Capital has been cited in absentia in several lawsuits. In a statement released in March 2025, it claimed to be acting in good faith and that it could not pay investors due to the freezing of accounts by the Federal Police.
However, for the victims, the feeling is one of abandonment, frustration, and anger. What began as an investment in sustainable solar energy ended up as a warning symbol about promises that are too good to be true.
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