June 13 (Renewables Now) - Brazilian power producer AES Tiete announced on Wednesday it has entered into a distributed generation (DG) supply contract for 5.3 MW of solar installations with US fast-food chain McDonald's Corporation (NYSE:MCD).
The company plans to invest around BRL 30 million (USD 7.7m/EUR 6.8m) to supply the food-chain's Brazilian sites in Minas Gerais, Rio de Janeiro and Sao Paulo. According to AES Tiete this will be one of the largest DG contracts in the country, with one new photovoltaic (PV) plant in each state.
The project involves the installation of 21,000 solar panels capable of generating 1,142 MWh of clean energy per year. The systems are expected to commence power supply in December 2019. AES is in charge of the operation and management (O&M) of the project.
To Leonardo Lima, Director of Sustainable Development at McDonald's, the partnership with AES Tiete will allow the firm to stop emitting thousands of tonnes of carbon dioxide (CO2) into the atmosphere, which is aligned with the goal to reduce its greenhouse gas emissions by 36% by 2030.
(BRL 1 = USD 0.26/EUR 0.23)