Banco do Brasil will supply its 365 branches in Brazil with energy through the operation of solar power plants by EDP.
Four new solar power plants
Banco do Brasil and EDP launch the operation of four new solar power plants with an installed capacity of 23MWp. The two partners specify that the first two projects are already operational. Thus, they were already producing more than 30 GWh of renewable energy.
With the distributed solar energy, the parks will produce energy for 365 branches of the Banco do Brasil. With this agreement, the institution will have seven solar energy production units. Thus, the initiative is part of the continuity started in February 2020, with the inauguration of a project in the state of Minas Gerais.
One of the new solar farms, currently in operation, is Banco do Brasil’s first in the northeast region of Brazil. It will provide clean energy to about 140 of the institution’s branches and avoid the emission of a thousand tons of CO2. In addition, the park includes 6500 solar panels that will produce 8 GWh/year.
A privileged axis of growth
The other three plants are located in the Brazilian states of Minas Gerais, Paraná and São Paulo. In October 2022, the two solar power plants already in operation, in the states of Minas Gerais and Pará, exceeded the 30GWh target. This power would allow to supply a city of 150.000 inhabitants for one month.
The success of this first project led to the expansion of the model for the bank’s operations throughout Brazil. In fact, in 2023, Banco do Brasil plans to inaugurate 20 more photovoltaic plants. Thus, in total, about 1400 branches will benefit from the renewable energy produced.
Investment in distributed solar energy projects is one of the EDP Group’s preferred growth areas. The company already has over 80MWp installed in several Brazilian states. In addition, the company has 50MWp under construction.
