Vivo, as part of its strategy to adopt best practices in the use of renewable energy, announced that it will begin producing its own energy. Through distributed generation, the company will use renewable sources such as solar (61%), hydroelectric (30%), and biogas (9%). The project will account for more than 80% of the company's low-voltage consumption, and in addition to contributing to the environment, the measure is expected to generate significant annual savings in Vivo's energy costs.
"Distributed generation seeks to further consolidate Vivo's sustainable business model, based on Environmental, Social, and Governance (ESG) factors, and which increases our long-term value generation potential. Furthermore, this initiative reaffirms our commitment to maintaining 100% renewable energy consumption, in addition to boosting our efficiency by generating significant cost reductions," says Vivo's Vice President of Finance, David Melcon.
