Community Solar For Brazil

Energea, a renewable energy investment platform, announced the commissioning of the Divinópolis II solar power plant. Located at the Fazenda Córrego Sujo in Divinópolis, Minas Gerais, this 3.13-MW (DC) facility is Energea’s 24th solar asset in Brazil. An additional 16 projects are still under construction, according to the company.

The project is leased for 25 years to a consortium of retail energy customers, comprised of more than 50 commercial businesses. Customers will enjoy discounted energy provided by the project without the need to host solar equipment at their facilities.

The project is part of a portfolio of assets jointly owned by Energea’s retail investment community. More than 2500 individuals in the United States contributed capital to construct and own the project through Energea’s proprietary investment platform. The platform is open to any US citizen and offered under Regulation A of the US Securities Act.