EDP will build a 5-megawatt (MW) solar park with 15,000 photovoltaic panels in the region of Minas Gerais to supply 58 branches of Banco do Brasil, the electricity company said.
In a statement, EDP explained that the project, in the city of Januária, “will allow savings of about 18 million euros (82 million reais) to the institution for 15 years, translating into a 58% reduction in costs with electricity from Brazil’s largest public bank. ”
This plant, which will generate 11 gigawatts (GW) per year, ie enough to supply 4,500 homes “is expected to be operational in the second half of next year,” said the company led by António Mexia.
The company also estimates that this project could prevent “the emission of more than 1000 tons of CO2, taking into account annual consumption through clean energy.”
EDP won a competition launched by Banco do Brasil and will be “responsible for the construction, operation and maintenance of the project”.
In the next years, this same institution plans to “invest in two new plants in Minas Gerais and expand this model to the states of Goiás, Federal District, Pará, Maranhão and Bahia,” said EDP.
In the first half of this year, EDP signed a large project with “Banco do Brasil” to “commercialize the country’s energy in the retail sector.” The partnership allows to supply some of the most important buildings of the institution, generating a 30% spending on energy, “said the electric company.
EDP has been in the Brazilian market for 20 years and has 15 hydroelectric and one thermal generation units, as well as a total of 10 thousand direct and indirect employees