Mori Energia announced the expansion of its shared solar generation service

Mori Energia announced the expansion of its shared solar generation service

Brazil’s Mori Energia announced the expansion of its shared solar generation service for residential and rural producers in Minas Gerais with possibilities of savings of 12% to 20% in the energy bill without the need for initial investment or loyalty. The modality was until then available only to businesses, condominiums, and small industries.

Mori’s New Business Director, Ivo O. Pitanguy, said the subscription for individuals and rural producers would allow more users to reduce their electricity costs sustainably and amid the challenging moment caused by the pandemic. The company estimates that it will make a significant jump in the number of contracts. Currently, around 2,000 customers expect to reach 50,000 in one year.

Energy is contracted entirely through the company’s website. In the residential plan, the contractor must have an average consumption starting at R $ 300 (USD 55). For commercial or rural projects, the average must be starting at R $ 500 (USD 92). The discounts are progressive, according to the contracted period.

With an investment of about R $ 650 million (USD 120 Million), the company had operated photovoltaic plants since February last year, currently arriving with 34 own UFVs, all in Minas Gerais, located in 17 municipalities the North and Northwest of the state. The total generation capacity is 324 GWh / year – representing savings of R $ 40 million (USD 7.35 Million) to customers.

Tags: Brazil, expansion,

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Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.