Acelen-owned Refinery Invests in 161-MW Solar Project in Brazil

• Acelen-owned Mataripe Refinery in Brazil partners with Perfin Infra and Illian Energias for a 161-MW solar project, reducing CO2 emissions and promoting sustainability in the energy sector.

Acelen-owned Mataripe Refinery in Brazil is investing in a 161-MW solar project in Bahia in a joint venture with Perfin Infra Administracao de Recursos and Illian Energias Renovaveis. The project will receive about BRL 530 million in funding, with BRL 418.5 million in non-recourse project finance from the Brazilian Development Bank. The solar plant is expected to start operations in the third quarter of 2025 and will help meet the refinery's electricity needs while offsetting 128,000 tonnes of CO2 emissions annually.

The solar complex will allow Mataripe to zero out its scope 2 emissions and receive carbon credits. This investment aligns with Brazil's Growth Acceleration Programme and demonstrates Acelen's commitment to renewable energy. The project will contribute to reducing carbon emissions and promoting sustainability in the energy sector in Brazil.

How is Acelen-owned Mataripe Refinery in Brazil investing in renewable energy?

• Acelen-owned Mataripe Refinery in Brazil is investing in a 161-MW solar project in Bahia in a joint venture with Perfin Infra Administracao de Recursos and Illian Energias Renovaveis.
  
• The project will receive about BRL 530 million in funding, with BRL 418.5 million in non-recourse project finance from the Brazilian Development Bank.
  
• The solar plant is expected to start operations in the third quarter of 2025 and will help meet the refinery's electricity needs while offsetting 128,000 tonnes of CO2 emissions annually.
• The solar complex will allow Mataripe to zero out its scope 2 emissions and receive carbon credits.
  
• This investment aligns with Brazil's Growth Acceleration Programme and demonstrates Acelen's commitment to renewable energy.
• The project will contribute to reducing carbon emissions and promoting sustainability in the energy sector in Brazil.