Shizen Energy completes construction of a solar power plant in Brazil to supply Power to Bank of Brazil


Shizen Energia do Brasil Ltda (“Shizen Brazil”), a joint venture of Shizen Energy Inc. (“Shizen Energy”) from Japan and local partner MS Consultoria e Suporte, and Brazilian real estate developer Espaço Y held a inauguration ceremony on October 15th, 2020 for the 1.4MW (DC) solar power plant located in São Domingos do Araguaia, Pará, Brazil to supply power to Bank of Brazil. The construction of the plant began in April 2020, and is expected to achieve commercial operations in early November 2020.

This project has built a 1.4 MW (DC) mega-solar plant that will be the first plant for Shizen Brazil operated outside Brasilia. Power generated by the plant will be supplied through a remote net-metering system to Bank of Brazil which is the largest bank by assets in Brazil and all of Latin America. The power plant will offset the consumption of electricity of 35 branches of the bank in the State of Para, and is Bank of Brazil’s first solar power plant in the northern region of Brazil.

Ricardo Forni, Director of Supply, Infrastructure, and Assets of Bank of Brazil said “we are very glad to inaugurate our second power plant in Brazil, in the State of Pará. The bank also included a social aspect to its public tenders. This is a way we found to reach out to far away communities and create actual positive impacts for them. The Bank of Brazil is set on taking care of what is valuable for people, and sustainability is an important factor for us.”

Click here to watch a video about the project:

Advocating “We take action for the blue planet” as its purpose, Shizen Brazil will utilize renewable energy power plant expertise from Japan as it continues striving to boost the prevalence of renewable energy power plants, and build a sustainable society according to the needs of Brazil.

*1: “Net-metering” is a utility billing mechanism for distributed energy system owners. With net-metering, consumers are only billed for the difference between the energy purchased and consumed from the grid, and the energy generated by their own facilities. When the amount of generated power surpasses that of consumption, the surplus can be carried forward to the following month. In the U.S., net-metering is adopted in 43 out of 50 states and in Washington D.C. In November 2015, the Brazilian government revised its laws regarding net-metering and is facilitating the introduction of renewable energy.


[Project Outline]

Location of PV Power Plant

São Domingos do Araguaia, Pará, Brazil

PV power plant owner

Espaço Y and Shizen Brazil

Output of PV Power Plant

1.428 MWp (DC)

Start of construction

20, April, 2020

Grid connection date

Early November, 2020


[Picture of the solar power plant]

[About Espaço Y]
Founded 25 years ago, Espaço Y operates multiple businesses, including Real Estate development, construction, call center, and others. Espaço Y is a local reference in the construction, property, and telco industries. The company joined the renewable energy segment in 2018 after announcing a partnership with Japanese Shizen Brazil. Espaço Y’s stalwart is to develop great places to live, and to do so with a commitment to social responsibility and sustainable development.

  • Headquarters: SHCN 202 Bloco A – salas 201/202/204, Brasília-DF, Brazil 
  • Representative Directors: Daltro Noronha, Flávio Barros 
  • Tel: +55 61-3035-0600 
  • URL: 
  • Business: Property, Real Estate, Call Center. 


[About Shizen Energy Inc.] 
Founded in June 2011 with the mission of “We take action for the blue planet.”, Shizen Energy group has contributed to the development of approximately 1 gigawatt (as of the end of December 2019) worth of renewable energy across Japan. It is engaged in all services required for the installation and operation of solar, wind, small hydroelectric, and other renewable energy power plants, such as development, EPC (engineering, procurement, construction), O&M (operation and maintenance), electricity retail market, and asset management. The company intends to construct photovoltaic power plants in countries around the world, beginning with the regions of Asia and South America. More specifically, in 2018, it launched the construction of such plants in Indonesia and Brazil. 

  • Headquarters: Fukuoka Ohori Bldg. 3F/6F, 1-1-6 Arato, Chuo Ward, Fukuoka City, Fukuoka Prefecture 
  • Representative Directors: Ken Isono, Kenji Kawado, Masaya Hasegawa 
  • URL: