Brazil's Cemig launches solar DG unit Cemig S!M

Solar photovoltaic plant in Brazil

October 9 (Renewables Now) - Brazilian utility Cia Energetica de Minas Gerais SA (BVMF:CMIG4), better known as Cemig, has launched a new unit focused on solar distributed generation (DG) called Cemig S!M.

The new enterprise, the result of the merger between Cemig Geracao Distribuida and Cemig Efficiencia, will use the company's solar farms to supply its clients with clean electricity, the Brazilian utility announced on Tuesday.

In addition to acting in the DG market, Cemig S!M will also focus on co-generation, energy storage, technological services, energy efficiency and public lighting, among other activities.

Currently, about 1% of all energy produced in the country comes from solar sources, which shows the size of the opportunity in this market for the company, it noted.

Recently, Cemig announced that on November 14 it will hold its second tender this semester to contract wind and solar power for its subsidiary Cemig GT.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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