Banco do Brasil and EDP have initiated the operation of four new solar power plants with an installed capacity of 23 MWp. Through distributed solar energy, the parks will generate energy for 365 branches of the Banco do Brasil bank. With this agreement, the institution will have seven solar energy production units, a continuation of a movement that began in February 2020, with the inauguration of a project in the State of Minas Gerais, also in partnership with EDP.

One of the new solar parks now operating is the first for Banco do Brasil in the Northeast region of the country and will supply clean energy to around 140 branches of the institution, enabling it to avoid emissions of a thousand tons of carbon dioxide. In this park alone, 6,500 solar panels have been installed, which will generate 8 GWh/year. The other three power plants have been installed in the Brazilian states of Minas Gerais, Paraná and São Paulo.

In October of this year, the two power plants already operating in this partnership, in the States of Minas Gerais and Pará, exceeded the target of 30 GWh of energy produced, sufficient to supply a city with a population of 150,000 people for one month. The success of this first project has driven the expansion of the model for the operations of the bank throughout the country. In 2023, Banco do Brasil plans to inaugurate a further 20 photovoltaic power plants, which are under construction. In total, around 1,400 branches will be covered by the renewable energy produced.

The investment in distributed solar energy projects is one of the growth axes of the EDP group globally and, specifically, of EDP Brasil. The company already has more than 80 MWp installed in several Brazilian states and more than 50 MWp under construction.