Órigo Energia

What Órigo Energia does

Órigo Energia is a Brazilian shared distributed generation company focused on massifying the use of renewable energy, founded in 2010 and headquartered in São Paulo. The company operates a unified solar energy platform that generates and distributes solar electricity to Brazilian businesses and organizations under Brazil's distributed generation regulatory framework, enabling customers to access renewable energy without installing solar panels on their own premises.

The company's core offering is solar energy generation through a distributed generation model, where generation assets are developed remotely and the resulting energy credits are allocated to subscribing customers. Underlying technology is a distributed solar energy generation platform; the company does not list individual named products or proprietary technology modules in publicly available material. Revenue is generated through a subscription/recurring model tied to customers' ongoing access to distributed solar energy.

Órigo employs between 251 and 500 people, serves customers across Brazil, and has attracted significant institutional capital to fund its growth. The company has raised approximately $537 million across three funding rounds between August 2022 and January 2024, including a $400 million investment from I Squared Capital in January 2024 that valued the company at approximately $816 million post-money. The company is privately held, retains operational independence following I Squared Capital's 49% minority investment, and is led by CEO Surya Mendonça.

Name

Órigo Energia

Website

https://origoenergia.com.br

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

Órigo Energia is a Brazilian distributed solar generation company founded in 2010 that massifies renewable energy access for Brazilian businesses and organizations through a subscription-based shared distributed generation model, operating from São Paulo with a 2 GWp capacity expansion underway.

Ownership category

akta.pro rank

Product category

Distributed Solar Energy Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF)

Keywords

• Distributed solar generation
• Renewable energy services
• Solar energy platform
• Clean energy solutions
• Photovoltaic generation

Headquarters

HQ city

San Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Distributed Solar Energy Generation: Revenue generated from solar energy generation and distribution to customers through distributed generation model in Brazil.

Distribution channels1 record

Core offering

Órigo Energia operates as a Brazilian distributed generation renewable energy company that develops, owns, and operates solar energy generation assets and supplies the produced electricity to customers through the distributed generation (DG) model. Customers access solar-generated electricity without needing to install photovoltaic panels on their own premises, paying via a recurring subscription-style arrangement. The company is expanding solar capacity with 2 GWp of new farms planned under a R$6 billion investment program.

Product overview

Órigo Energia is a Brazilian distributed generation platform and distributed renewable energy company focused on solar energy. The company operates as a unified solar energy platform serving the distributed generation market in Brazil. No individual named products or modules are specified in the available source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Distributed Solar Energy Generation Service Solar energy generation and supply service delivered through a distributed generation (DG) model that lets businesses and organizations in Brazil source solar-generated electricity without installing photovoltaic panels on their own premises, accessed via a recurring arrangement.

Quantifiable outcome

• 2 GWp of new solar capacity to be developed

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Engie Brasil: Engie Brasil is a major Brazilian electric utility with significant renewable generation including solar. It is comparable as a broad incumbent in the same Brazilian power market with overlapping solar generation and distributed energy ambitions.
• AES Brasil: AES Brasil is a Brazilian power generation and distribution company with renewable assets including solar. It is comparable as an incumbent utility expanding into renewable generation in Brazil.
• Enel Green Power Brasil: Enel Green Power Brasil is a major renewable energy developer and operator in Brazil with utility-scale solar and wind projects. Comparable as a broad incumbent operating solar generation in the same Brazilian market.
• Canadian Solar (Recurrent Energy): Canadian Solar's Recurrent Energy subsidiary develops utility-scale solar and storage projects globally including in Brazil. Comparable as a broad incumbent solar developer active in the Brazilian market.

Emerging players

• Solfácil: Solfácil is a Brazilian solar financing marketplace and distributed solar platform serving residential and commercial customers. Comparable as an emerging player in Brazilian distributed solar generation with overlapping customer segments.
• Sunne Energia Solar: Sunne is a Brazilian distributed solar generation company offering subscription-based solar energy to commercial customers. Directly comparable as an emerging distributed generation competitor serving the same Brazilian market with a similar subscription model.

Direct peers

• Atlas Renewable Energy: Atlas Renewable Energy is a Latin American-focused utility-scale solar developer with projects in Brazil. It is directly comparable as a solar project developer serving Brazilian commercial and industrial off-takers.
• Voltalia: Voltalia is a renewable energy developer and operator with solar, wind, and storage assets in Brazil and other markets. Comparable as a directly competing renewable IPP active in Brazilian distributed and utility-scale solar.
• Lightsource bp: Lightsource bp is a global utility-scale solar developer with active operations in Brazil developing solar farms and corporate PPAs. It is comparable as a directly competing solar project developer in the Brazilian market.

Regional players

• Sunrun: Sunrun is the largest US residential solar subscription company. Comparable as a regional player using a subscription/lease model for distributed solar generation, though it operates primarily in the US rather than Brazil.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Órigo Energia