Lightsource BP Invests in Solar Energy Sector in Ceará State and Signs PPA with América Energia

The British Company Lightsource BP Decided to Invest in the Solar Energy Sector in Ceará, Signing PPA and Partnering with América Energia. The Collaboration Will Fund Part of the Milagres Solar Park and Will Provide Certified Energy to Small Businesses at Competitive Costs.

Last Monday, (07/25), the British company Lightsource BP announced that it has signed a 15-year solar power purchase agreement with América Energia, an independent trader with an average of 600MV in the free market in Brazil. The PPA (Power Purchase Agreement) will finance part of the Milagres solar plant, located in Abaiara, Ceará.

Lightsource BP Solar Plant in Milagres Expected to Begin Operation in 2024

In this regard, it is important to emphasize that the expectation is for the Milagres solar plant to begin operation in 2024 only. The new plant already has significant investments of R$ 800 million, and the construction of the plant over 21 months is also expected to create 800 new direct jobs, prioritizing the hiring of local labor, which will ensure new opportunities for residents of the state of Ceará. In addition, the partnership will also provide energy to small businesses at competitive costs.

“The PPA is part of our strategy to reach smaller customers, which we are currently achieving through partnerships with traders who want to operate more in retail,” says Pedro Vidal, Vice President of Origination and Marketing at Lightsource BP.

The partnership addresses the issuance of Renewable Energy Certificates (I-REC) for the entire period of volume sold. In this way, the issuance serves as a value creation vector for the customer, as it guarantees sustainability and traceability, certifying that the energy truly comes from a clean source. This makes customers feel more secure with the company and also affirms the quality of the business.

Partnership Exemplifies América Energia’s Commitment to Serving the Free Market

Thus, for América Energia’s CEO, Andrew Frank Storfer, the new agreement exemplifies his company’s guidelines in serving the expansion of the free market with renewable and competitive energy: “Part of our strategy is increasing market share by serving small consumers, such as small industries, hotels, gas stations, and commercial establishments in general,” Andrew points out.

Therefore, with a large portfolio of 4GW of development projects spread across the Southeast, Central-West, and Northeast regions, the British company Lightsource BP expects to meet the growing demand for contracts for renewable solar energy, both through corporate PPAs and self-production structures, for example.

Due to geographic diversification, the partnerships highlighted that the photovoltaic source can address the demands of clients who do not want to risk associating their industrial investment with a solar park in the same state, for example, thereby allowing them to choose to connect to various points in the national interconnected system in the country.

It is important to emphasize that the British company Lightsource BP is the world leader in solar energy project development and management. The company provides sustainable energy affordably for businesses and communities throughout Brazil and the world, which makes this collaboration so important for the ongoing evolution of clean energy production in the country. The partnership believes that everyone needs to meet the demand for energy through smart and sustainable measures and sees the agreement as the perfect way for that to happen.