Business

Towards self-sufficiency? Brazil's Lojas Americanas to inaugurate two new solar generation plants

The retailer wants to expand its sources of renewable sources today at 30%

Facade of a Lojas Americanas store in Rio de Janeiro
Facade of a Lojas Americanas store in Rio de Janeiro, in 2018. Photo: Reuters/Sergio Moraes/File Photo
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  • The company already has four solar plants (in Rio de Janeiro and Minas Gerais states); it will have six with the new ones;
  • Since 2016, the company has been also operating in the free energy market, also buying electricity from renewable sources to serve around 130 large stores, distribution centers, and offices

One of the largest Brazilian retailers, Lojas Americanas, announced that it would inaugurate two solar generation plants by June, expanding its sources of renewable sources today at 30%. The energy produced in the new photovoltaic plants will be distributed to around 70 physical stores in the chain in Pernambuco, and the Federal District, said the retailer.

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The company already has four solar plants (in Rio de Janeiro and Minas Gerais states), three of which are hydroelectric and one of biogas, a structure with which it fully supplies energy for around 150 stores.

Since 2016, the company has been operating in the free energy market, also buying electricity from renewable sources to serve around 130 large stores, distribution centers, and offices.

READ ALSO: Rappi, Loggi, and B2W Digital: What changed in e-commerce logistics in Brazil after COVID-19

“The significant savings in expenses, combined with energy efficiency, reinforces the idea that this connection is possible and profitable,” said the director of investor relations and sustainability at Americanas, Carlos Padilha.

Last month, Mercado Libre announced that it would start offering its delivery partners in Brazil credit to buy electric vehicles.

And Ambev closed an agreement with the startup FNM and the national automaker Agrale to acquire 1,000 electric vehicles including trucks and vans, as part of the beverage manufacturer’s plans to have half of its fleet running on clean energy by 2023.

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