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Faro Energy to invest $20m in solar farms for TIM Brasil’s network infrastructure

Telecom player expects to reach 60 solar parks by the end of 2022, with enough monthly generation to supply a city of 150,000 inhabitants.

By João Marques Lima

Co-founder and Editor, The Tech Capital

2 Mins

June 01, 2021 | 10:58 AM BST

Solar energy provider Faro Energy and telecoms operator TIM Brasil have entered into an agreement to expand TIM’s power provisioning through the usage of solar power.

Under the deal, Faro Energy will invest R$ 100 million (US$ 19,1 million) in the construction of five new solar parks. The energy giant will also provide operational and upkeeping services.

The five parks join an additional ten already in operation and powering TIM’s networks across several states, including Paraíba, Pernambuco, Ceará and Tocantins.

Scheduled to become operational in June, the new parks will be located in the Federal District and Rio Grande do Norte.

Once fully operational, the 15 parks are expected to generate 45 GWh of power, the equivalent to 20,000 homes electricity consumption.

Bruno Gentil, chief business support officer of TIM Brasil, said: “We currently have 34 renewable energy plants in operation, and we want to reach 60 by the end of 2022, with enough monthly generation to supply a city of 150,000 inhabitants.

“To achieve this goal, we need partners with expertise and growth potential, such as Faro Energy, which works in line with our ESG pillars.”

Pedro Mateus, CEO of Faro Energy, added: “We are investing over R$100 million (US$19.7 million) in our partnership with TIM. We are aware of the importance of sustainable energy generation projects for the country and we want to lead, together with the operator, a market that is constantly looking for new solutions and opportunities.”

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