Brazilian solar energy provider Omnigen Energy, backed by Appian Capital Advisory LLP, has announced securing BRL 250 million (USD 45.9 million / EUR 42.7 million) in debt financing to advance its project portfolio in Minas Gerais. The company disclosed this development in a statement on Wednesday, highlighting advantageous terms obtained from Itau BBA for the debt facility.
The funds will be utilized to finalize the development of 20 small-scale solar plants with a combined capacity of 62.4 megawatts peak (MWp). Currently, these projects are at 50% completion stage. Upon completion, the solar parks are expected to collectively offset more than 14,000 tonnes of CO2 emissions annually, equivalent to planting 20,000 trees.
Omnigen emphasized Minas Gerais as Brazil's largest distributed generation (DG) market, boasting an already installed capacity of 2.5 gigawatts peak (GWp).
