Rio de Janeiro
Mayor Eduardo PaesRio de Janeiro is the capital and the largest city in the State of Rio de Janeiro in Brazil. This project will build on the efforts of the city to increase renewable energy. The project involves solar energy production on a deactivated landfill. The project can provide a boost to solar power development in Brazil. The municipality sees this as the first project in a series of distributed solar energy projects across the city, using municipal land and buildings with the ultimate goal of providing most of the energy consumption of municipal buildings and operations.
Rio de Janeiro is the capital and the largest city in the State of Rio de Janeiro in Brazil. This project will build on the efforts of the city to increase renewable energy. The project involves solar energy production on a deactivated landfill. The project can provide a boost to solar power development in Brazil. The municipality sees this as the first project in a series of distributed solar energy projects across the city, using municipal land and buildings with the ultimate goal of providing most of the energy consumption of municipal buildings and operations.
- Maria Rosa Tesser SPA
- Population density 5154 inhabitants/km2
- Project Objective Provide a boost to solar power development in Brazil.
- Project Scale Increased capacity of solar PV in the state of Rio de Janeiro from 11 MW to 16 MW
As energy demand in Brazil grows, but hydro energy increase is being limited by long periods of drought, investments in solar PV projects are needed to reduce the risk of expanding the use of coal and other fossil fuels in Brazil’s energy mix. Brazil is a signatory of the Paris Agreement and ratified the Nationally Determined Contribution in November 4th, 2016. In that sense, the project advances Rio’s commitment to the Paris Agreement. The project can provide a boost to solar power development in Brazil. The long-term impact of this project will be to pave the way for scaling up of PV projects to public buildings and bus stops in Rio de Janeiro, and across several buildings in 30 other municipalities in the Metropolitan Region of Rio de Janeiro (RMRJ).
Cumulative CO2 savings (2021-2051)
Brazil's current solar energy share (% 2020)
The CFF team has identified the following potential areas of where the CFF can support:
- Conduct a feasibility study for the project implementation.
- Conduct legal and institutional studies.
- Development of business case for the projects covering payback period, cost-benefit analysis, avoided costs analysis.
- Analysis of potential future revenue streams (incl. a private sector engagement strategy) with the intention of upscaling the project.
- Development of contractual frameworks including contract models for public-private partnership options and tender documents.
- Development of a governance structure model for energy projects at the municipal level
Rio de Janeiro - Finance Factsheet
Rio de Janeiro - Impact Brief