Faro Energy, A B Corporation, Connects 26 New Solar Plants in 9 Brazilian States, Strengthening Its Commitment to Energy Transition and Solar Asset Management.
Driving the growth of renewable energy in Brazil, Faro Energy has managed to connect 26 new solar plants across nine different states during the first half of 2024. This advancement underscores the company’s leadership in the solar energy sector and its ability to efficiently manage solar assets, promoting a robust energy transition in the country.
Faro Energy, recognized as an influential B Corporation, is committed to accelerating the adoption of sustainable solutions. By expanding its solar infrastructure, the company not only contributes to the diversification of the energy matrix but also reinforces its leading position in the Brazilian energy landscape. This strategy highlights Faro Energy’s ongoing commitment to making Brazil a model for renewable energy.
To learn more about other initiatives in the photovoltaic sector, click here: connection of plants.
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The plants are strategically spread across the states of Ceará, Pernambuco, Piauí, Tocantins, Paraná, Rio de Janeiro, Maranhão, São Paulo, and Mato Grosso do Sul. With the addition of these new plants to its renewable energy portfolio, Faro Energy significantly expands its operations and contribution to the transformation of the Brazilian energy sector, surpassing the milestone of 120 MWp in operation.
Expansion and Contribution of Faro Energy
With these new connections, Faro Energy provides energy to around 2000 consumer units in essential sectors such as Telecommunications, Health, and Sanitation. The plan for the remainder of 2024 is ambitious, with Faro Energy aiming to connect an additional 25 MWp of capacity distributed across the 5 regions of Brazil, demonstrating its commitment to energy transition.
Aspiring Goals for the Future
The results achieved throughout the year reaffirm Faro Energy’s commitment to innovation and excellence in renewable energy asset management, strengthening its portfolio to keep the B Corporation at the forefront of the transformation of the Brazilian energy sector. This progress aims to promote a more sustainable and accessible future for all.
Faro Energy’s CEO, Pedro Mateus, emphasizes: ‘We are proud of our role as a B Corporation, having been active for 8 years in the development, investment, and solar asset management in Brazil. With a portfolio that includes 88 plants in operation and 12 more under construction, we will reach the milestone of 400 GWh of clean and renewable energy generated by 2024.’
Commitment to Sustainability
Pedro Mateus also notes: ‘We remain firmly committed to excellence in solar asset management, actively contributing to expanding access to solar energy in the country, which reinforces our leadership position in the national energy sector.’
About Faro Energy: Faro Energy is a B Corporation dedicated for 8 years to the development, investment, and management of renewable energy assets in Brazil, focusing on democratizing access to solar energy.
Largest Presence in the National Energy Sector
Present in 17 states and the Federal District, Faro Energy currently has over 120 MWp operational in its renewable energy portfolio. The company’s expansion plan is robust, aiming to reach 300 MWp by 2025, thereby consolidating its position as a leader in the Brazilian energy sector and reaffirming its commitment to the energy transition in the country.
Source: *Andrea Salmeron*

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