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Minas Gerais Maintains Protagonism in Solar Energy Generation in Brazil, with New Investments That Promise to Benefit Thousands of Residential Consumers.
Minas Gerais reaffirms its prominent position in the national scene of solar energy with the announcement of a robust investment in the sector. Omnigen Energy, a subsidiary of Appian Capital Advisory, will allocate R$ 387 million for the construction of 14 new solar parks in Minas Gerais.
The initiative will be carried out in partnership with ECOM Energia Renováveis and CMU Energia, with an expected output of 114,880 MWh per year — a volume capable of supplying the consumption of approximately 62,900 households. The energy will be distributed under a distributed generation model, which allows discounts on electricity bills for residential consumers, while promoting the use of renewable and sustainable sources.
Solar Parks Will Be Built in Seven Municipalities in Minas Gerais
The solar parks are expected to be installed by the end of the first half of 2025 in seven cities: Prudente de Morais, Andradas, Santa Rita de Caldas, Araxá, Igarapé, Paraopeba, and Pedro Leopoldo.
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The choice of Minas Gerais is due to the state’s attractions in both geographical and tax aspects, reveals CMU Energia CEO Walter Fróes,
“Minas Gerais is one of the pioneers in the solar energy sector and an interesting state for investment, even due to the tax benefits,” Fróes explains.
The state offers ICMS exemption for solar photovoltaic energy, according to State Decree No. 48,506/2022, which extended the benefit until 2032. Initially, the incentive was set to expire in December 2022, but it was extended as a way to further strengthen the clean energy sector in Minas Gerais.
Savings on Electricity Bills and Positive Environmental Impact
The new operation is expected to benefit between 600,000 and 700,000 consumers, who will be able to count on savings of up to 20% on their electricity bills. Walter Fróes emphasizes that the proposal combines economic advantages with a positive environmental impact.
“We estimate that consumers will have discounts of 12% to 20% on their electricity bills. Besides the benefits to their wallets, this type of investment also contributes to advancing the sustainability agenda, as it stimulates the production of clean energy,” he highlights.
The distributed generation (GD) model, in addition to democratizing access to solar energy, is gaining strength as it allows consumers to become direct beneficiaries of the energy produced in small or medium-sized plants, such as these new parks.
Minas Gerais Reports Over 1600% Growth in Installed Solar Power Capacity
The investment from Omnigen Energy follows a growing trend of companies in the sector that see Minas Gerais as a strategic pole for solar energy.
According to data from the State Secretariat for Economic Development (Sede-MG), the installed capacity in the state jumped from 518.55 MW in 2018 to an impressive 9,001.79 MW in 2024, a growth of over 17 times in just six years.
Previous projects, such as the Triangle Project, significantly contributed to this advancement. Designed by the companies A2 Empreendimentos and Solarmine, the project aims to construct 11 solar parks in the Triângulo Mineiro, with an investment of R$ 140 million.
The forecast is to generate 340 jobs and supply capacity for 38,000 households by July 2026.
“We are contributing to the zero carbon goal, driving a more sustainable and environmentally responsible economy. We should announce new investments in the state soon,” says José Afonso Queiroz, director of A2 Empreendimentos.
In addition to local initiatives, large national and international corporations are also betting on solar energy in Minas Gerais. ArcelorMittal, for example, signed a contract with Atlas Renewable Energy for the construction of the Luiz Carlos Park, located in Paracatu, in the northwest of the state. The investment will be R$ 895 million, with an installed capacity of 269 MW and an estimated annual production of 69 MW average.
Minas Gerais Leads the Present and Future of Renewable Energy
With tax incentives, favorable geographical potential, and an increasingly attractive business environment, Minas Gerais is consolidating itself as one of the main destinations for investments in solar energy in Brazil.
The growth in installed capacity and the arrival of large projects reinforce the state’s commitment to energy transition and sustainable development.
By combining savings on electricity bills with environmental and social benefits, the advancement of solar energy in Minas is an example of how investment in renewable sources can transform local and regional realities.
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