Potential offtaker

Companhia Paranaense de Energia - COPEL

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Companhia Paranaense de Energia, or COPEL, is a Brazilian company that specializes in the generation, transmission, and distribution of electricity. Founded in 1954, COPEL has become one of the largest energy companies in Brazil, serving over 4 million customers in the state of Paraná.

As the world moves towards decarbonisation and renewable energy, COPEL has been at the forefront of the transition. The company has made a commitment to reduce its carbon emissions and increase its renewable energy portfolio. In 2020, COPEL announced that it would reduce its greenhouse gas emissions by 30% by 2025, and by 50% by 2030. This commitment is in line with the Paris Agreement, which aims to limit global warming to below 2 degrees Celsius.

To achieve its decarbonisation goals, COPEL has been investing in renewable energy sources such as wind, solar, and hydroelectric power. The company has several wind farms, including the 140 MW Cutia and 312 MW São Miguel do Gostoso wind farms, which are among the largest in Brazil. COPEL has also invested in solar power, with several photovoltaic plants in operation, including the 5 MW Cianorte Solar Plant.

In addition to generating renewable energy, COPEL has also been working to reduce its carbon footprint through energy efficiency measures. The company has implemented a number of initiatives to reduce energy consumption in its operations, including the use of energy-efficient lighting and HVAC systems, and the installation of solar panels on its buildings.

COPEL has also been a leader in the corporate energy market, providing energy solutions to businesses and industries in Paraná. The company offers a range of services, including energy audits, energy efficiency projects, and corporate power purchase agreements (PPAs). Corporate PPAs allow companies to purchase renewable energy directly from COPEL, providing a stable and predictable source of clean energy.

One of COPEL's most notable corporate PPA agreements was signed with the Brazilian mining company Vale in 2019. Under the agreement, COPEL will supply Vale with 76 MW of wind power from the São Miguel do Gostoso wind farm, making it the largest corporate PPA in Brazil at the time of signing.

In addition to its commitment to decarbonisation and renewable energy, COPEL has also been recognized for its sustainability efforts. The company has been included in the Dow Jones Sustainability Index for the past 16 years, and was named one of the most sustainable companies in Brazil by Exame magazine in 2020.

Overall, COPEL is a company that is committed to sustainability and the transition to renewable energy. Through its investments in wind, solar, and hydroelectric power, as well as its energy efficiency measures and corporate energy solutions, COPEL is playing a key role in the decarbonisation of Brazil's energy sector.