Financing approved for 144 MW capacity solar plants project in Brazil

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The National Bank for Economic and Social Development (BNDES) has approved BRL 700 million (US$ 142 million) financing for Alsol Energias Renováveis renamed as (re)energisa to install 49 new photovoltaic plants in the distributed generation modality in the states of Mato Grosso, Mato Grosso do Sul, Minas Gerais and Rio de Janeiro in Brazil. 

The project aims to increase the generation of electricity from clean and renewable sources by adding approximately 144 MW of power from photovoltaic solar energy, which will be distributed close to the point of consumption in Brazil.

This investment will expand the use of distributed solar energy to 28 municipalities, with plans to install 49 plants that will benefit over 4,500 micro, small, and medium-sized companies. The initiative will also support the mitigation of climate change, reducing emissions by around 476,000 tons of CO2 over the 25 years of its useful life. 

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