Acelen, Perfin Infra, and Illian Announce Investment Agreement in Solar Power Generation Project in Bahia
A Acelen, through Refinaria de Mataripe S.A., Perfin Discovery Mercury Infrastructure Investment Fund, an investment fund managed by Perfin Infra Administração de Recursos Ltda. (“Perfin Infra”), and Illian Energias Renováveis S.A. (“Illian”), a company of the Electra Group, announce the signing of an investment agreement for a solar power generation project in the state of Bahia, as well as job openings. It is worth noting that Ceará is undergoing a similar process at this time.
A Acelen has also signed a long-term contract to purchase incentivized energy through self-production, including carbon credits generated by the future plant.
The project is part of the Federal Government’s Growth Acceleration Program (PAC) and consists of a plant with an installed capacity of 161 MWp. The plant will be built in the municipality of João Dourado, located in the Semi-arid region of Bahia.
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Brazilian scientists are simultaneously advancing two research projects on clean hydrogen and driving solutions that could transform the energy matrix, enhance industrial competitiveness, and accelerate large-scale emission reduction targets.
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Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.
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Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.
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The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.
Job Creation as a Result of This Plant and Solar Energy
In addition to generating renewable and clean energy, the implementation of the project will also contribute to the socio-economic development of the region by creating around 500 direct and indirect jobs during construction, and about 30 direct and indirect jobs after the start of commercial operation in the first quarter of 2025.
“The project represents another step towards energy transition, reaffirming one of its main objectives by investing in new renewable energy projects in the Northeast. Combined with other energy efficiency initiatives being implemented at the refinery, it will contribute to reducing the carbon and fossil component of Acelen’s results and energy matrix,” says Luiz de Mendonça, CEO of Acelen.
“For Perfin Infra, this is an important milestone, as it strengthens our contribution to the state of Bahia and reaffirms our commitment to energy transition,” says Daniel Shinohara, investment partner at Perfin Infra.
“For Illian, the agreement signifies the achievement of maturity for this new entrepreneurial company, 100% Brazilian, focused on the development and investment in centralized renewable generation projects, contributing to the sustainable economic growth of the country,” says CEO Sérgio Brandão.
The closing of the transaction is subject to the usual precedents for solar energy projects of this nature.
Source: FSB Comunicação

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