Aurora Energia Group Inc.

What Aurora Energia Group Inc. does

Aurora Energia Group Inc. is a privately held Brazilian solar energy developer founded in December 2015 by Fabricio Lopes and headquartered in Minas Gerais, Brazil. The company develops, constructs, and operates utility-scale photovoltaic power plants organized as multi-cluster developments, with four authorized clusters combining for approximately 9,511 MWp of capacity: Sol do Cerrado (1,675 MWp), Rosa de Jericó (836 MWp), Sertão Veredas (1,300 MWp), and the Berço das Gerais cluster (5,700 MWp) in Matias Cardoso, claimed to be the world's largest single-site solar park. Aurora generates revenue through two primary mechanisms: long-term power purchase agreements (PPAs) supplying electricity to industrial off-takers, and project development-and-sale transactions in which completed clusters are divested to corporate buyers; in 2020, Vale S.A. (NYSE: VALE) acquired 100% of Cluster I (Sol do Cerrado) for approximately US$513 million to support its 100% clean energy self-production target by 2025.

The company's underlying technology is conventional utility-scale PV generation aggregated into a cluster architecture that shares grid connection infrastructure (the Aurora Substation) and integrated ecological corridors, with a P50 capacity factor of 32.9% backed by solarimetric measurements initiated in September 2016. Aurora targets industrial and mining companies (anchor segment), utilities, and corporate off-takers through a B2B enterprise sales motion and participation in Brazil's ANEEL-regulated energy auctions, operating exclusively in the domestic Minas Gerais market within SUDENE tax-incentive regions. The company has obtained ISO 37001 anti-bribery certification (a first in the Brazilian solar sector), 8,500 MW of approved Distributed Generation Rights (DROs), and 8,400 MWp under environmental license, positioning it as a project developer whose primary near-term value driver is the conversion of licensed capacity into operating assets or strategic sales rather than operating revenue at the corporate level.

Name

Aurora Energia Group Inc.

Legal name

Aurora Energia

Website

https://auroraenergia.com.br

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Aurora Energia is a privately held Brazilian utility-scale solar developer that develops, builds, and operates large photovoltaic clusters in Minas Gerais, supplying electricity to industrial off-takers like Vale S.A. via power purchase agreements and corporate project sales.

Ownership category

akta.pro rank

Product category

Solar Power Generation

NAICS

Solar Electric Power Generation (221114)

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), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Utility-scale solar energy
• Photovoltaic power generation
• Solar project development
• Renewable energy infrastructure
• Power purchase agreements

Headquarters

HQ city

Belo Horizonte

HQ country

Brazil

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Others

Revenue model

1. Solar Energy Generation and Sale: Aurora generates electricity through its four photovoltaic clusters (Sol do Cerrado, Rosa de Jericó, Sertão Veredas, Berço das Gerais) and sells energy to industrial clients, utilities, and corporate off-takers. Revenue is generated through power purchase agreements (PPAs) with major clients like Vale S.A., and participation in Brazil's regulated energy market through ANEEL auctions. The company operates on a long-term contracted capacity basis with industrial customers.
2. Project Development and Sale: The company develops solar projects and sells or transfers ownership of completed clusters to major industrial buyers. Cluster I (Sol do Cerrado) was fully acquired by Vale S.A., demonstrating the model of developing large-scale solar projects for sale to energy-intensive corporations seeking self-generation capacity.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Aurora Energia develops, operates, and sells utility-scale photovoltaic solar power plants across four clusters in Minas Gerais, Brazil, with combined capacity exceeding 9,511 MWp. The company generates and sells electricity to large industrial off-takers and utilities through long-term Power Purchase Agreements (PPAs), participates in ANEEL-regulated energy auctions, and provides engineering services for renewable energy projects. The company also develops and transfers ownership of completed solar clusters to major corporate energy consumers seeking self-generation capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Sol do Cerrado (Cluster I) 1,675 MWp utility-scale photovoltaic cluster located in Jaíba, Minas Gerais, including the Aurora Substation for grid connection. Originally developed and operated by Aurora and subsequently 100% acquired by Vale S.A. to support Vale's 100% self-generation and clean energy self-sufficiency goals by 2025.
• Rosa de Jericó (Cluster II) 836 MWp utility-scale photovoltaic cluster in Minas Gerais with first environmental approval of 392 MW (March 2019), backed by approximately R$2.5 billion in investment, providing clean energy supply for industrial off-takers and utilities.
• Sertão Veredas (Cluster III) 1,300 MWp utility-scale photovoltaic cluster located in the Arinos region of northwest Minas Gerais, holding the first solar environmental license in the region, with approximately R$3.0 billion in investment. Provides grid-connected clean energy supply through the SUDENE tax-incentive region.
• Berço das Gerais (Cluster IV) 5,700 MWp utility-scale photovoltaic cluster in Matias Cardoso, northern Minas Gerais, positioned as the largest solar park in the world with capacity to power more than 4 million homes, backed by approximately R$17 billion in capital expenditure. Features ecological corridor integration and connects to Brazil's basic electrical grid.
• Engineering & Renewable Energy Project Development Services Engineering services for renewable energy projects, including solarimetric resource assessment, environmental licensing, grid connection engineering, ecological corridor integration design, and turnkey project development for utility-scale solar installations.

Quantifiable outcome

• 5,700 MWp capacity - largest solar park in the world, enough to power 4+ million homes
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators17 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Voltalia: European renewable energy developer with significant Brazilian solar operations developing utility-scale solar and wind farms. Comparable to Aurora in Brazil-specific utility-scale PV development and PPA-based monetization model.
• Lightsource bp: Global utility-scale solar developer and IPP that develops, finances, builds, and operates large PV projects worldwide, with growing Brazilian pipeline. Directly comparable to Aurora on the developer/operator model for utility-scale PV and corporate PPA structuring.
• Solatio Energia: Brazilian solar developer focused on utility-scale PV projects and corporate PPA origination. Operates very similar business model to Aurora, developing large-scale solar farms for sale or long-term power supply to industrial customers in Brazil.
• Atlas Renewable Energy: Latin America-focused utility-scale solar developer headquartered with major Brazilian operations, developing and operating large PV plants under corporate PPAs. Closely matches Aurora's model of developing mega-scale solar clusters and selling power to industrial off-takers in Brazil and broader LatAm.
• Canadian Solar (Recurrent Energy): Through its Recurrent Energy project development arm, develops and operates utility-scale solar projects globally including in Latin America. Comparable to Aurora in developing-and-operating utility-scale PV plants for sale or PPA monetization.

Broad incumbents

• Enel Green Power Brasil: Subsidiary of Enel's renewables arm and one of the largest operators and developers of utility-scale solar and wind in Brazil. Compares directly to Aurora as a utility-scale solar developer, but operates as part of a much broader global portfolio across multiple generation technologies.
• Engie Brasil Energia: One of the largest private power generators in Brazil and a major developer of renewable energy projects, with hydro, wind, and solar assets. Comparable to Aurora as a utility-scale energy generator in Brazil, but with diversified generation mix and significantly larger scale across multiple technologies.
• Iberdrola Renováveis Brasil: Brazilian subsidiary of Iberdrola developing large-scale renewable (primarily wind but expanding solar) projects. Comparable mega-project utility-scale renewable developer model, with stronger track record but more diversified generation mix than Aurora's solar-only focus.
• EDF Renewables Brasil: Global renewable energy developer with Brazilian operations developing wind and utility-scale solar projects. Overlaps with Aurora in utility-scale PV project development and corporate PPAs, but as part of EDF's much larger global renewables portfolio.

Regional players

• Casa dos Ventos / Engie Brazil Renewables JV: Brazilian renewable developer (major wind, expanding into solar) focused on the Northeast region of Brazil. Regional counterpart to Aurora in utility-scale renewables project development, with overlapping geography in the SUDENE/Sertão region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aurora-energia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Aurora Energia Group Inc.