Deals Counterparts

TTS Energia wins tender to build 5 MW solar plant for Cemig SIM in Minas Gerais

Development Solar tender Jequitibá, Brazil Mar 11, 2026
USD8.7M
Deal Value
5 MW
Capacity
construction
Stage

TTS Energia will construct a 5 MW solar photovoltaic (PV) plant in Minas Gerais for Cemig SIM, which will own and operate the facility. This marks TTS Energia's inaugural successful bid in a competitive tender, expanding its footprint in Brazil's rapidly growing distributed generation market.

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Deal Analysis

TTS Energia secured its inaugural competitive tender, winning the engineering, procurement, and construction contract for a 5 MW solar photovoltaic plant in Jequitibá, Minas Gerais. Valued at $8.7 million USD, this development project will see TTS Energia build the facility for Cemig SIM, which will subsequently own and operate the asset. This structure allows Cemig SIM, a subsidiary of the integrated utility Cemig Group, to expand its generation portfolio directly, leveraging an external EPC specialist for construction. The deal provides TTS Energia with a crucial reference project in Brazil's distributed generation sector, validating its competitive offering and establishing a track record with a major Brazilian utility. For Cemig SIM, the 5 MW plant represents a targeted addition to its operational capacity within its home state of Minas Gerais. Cemig Group, a prominent integrated utility headquartered in Belo Horizonte, manages over 5 GW of generation capacity across Brazil, making this 5 MW solar addition a strategic, albeit modest, expansion of its owned assets. The utility's decision to develop and own this plant through Cemig SIM reinforces its commitment to controlling its energy supply chain, particularly within Minas Gerais. For TTS Energia, this successful bid represents a pivotal moment, transitioning from an energy sector company to a proven competitive player in Brazil's rapidly expanding distributed generation market. This $8.7 million USD contract in Jequitibá directly contributes to the broader growth of solar capacity in Brazil, with Cemig Group continuing to build out its generation footprint.
  • TTS Energia's inaugural successful bid in a competitive tender.
  • The 5 MW solar plant is valued at $8.7 million USD.
  • Cemig Group manages over 5 GW of generation capacity.
  • The project is located in Jequitibá, Minas Gerais, Brazil.
  • Cemig SIM will own and operate the 5 MW facility.
  • The deal was announced on 2026-03-11.

Source Intelligence

KEY DETAILS

The project will be composed of 10,864 photovoltaic modules installed on a fixed ground structure. This marks TTS Energia's first successful auction bid. Construction began in December 2025. The plant will serve customers in the shared generation category through a solar subscription model. Quotes: "será composto por 10.864 módulos fotovoltaicos instalados em estrutura fixa de solo.", "marca a primeira licitação em formato de leilão vencida pela companhia", "O início das obras ocorreu em dezembro de 2025", "A nova usina solar atenderá clientes na categoria de geração compartilhada, por meio da modalidade de energia solar por assinatura."

Deal Size
O projeto, que representa um investimento de mais de R$ 8,7 milhões
Capacity
usina solar de 5 MW
Location
no município de Jequitibá, em Minas Gerais
PPA Details
A nova usina solar atenderá clientes na categoria de geração compartilhada, por meio da modalidade de energia solar por assinatura.
Announcement
março 11, 2026
Expected Close
com conclusão estimada para 2 de outubro de 2026
PARTIES MENTIONED IN SOURCE
T
TTS Energia developer

"A TTS Energia, empresa de engenharia e construção de usinas fotovoltaicas e ativos de energia renovável, acaba de vencer uma licitação em formato de leilão para a construção de uma usina solar de 5 MW"

C
Cemig SIM buyer

"que integrará o portfólio da Cemig SIM, subsidiária do Grupo Cemig."

C
Cemig Group parent company

"subsidiária do Grupo Cemig."

high quality Enriched Mar 11, 2026

Timeline

Announced
Mar 11, 2026
Signed
Closed

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