MMGD-distributed

Comerc Energia

São Paulo, SP · Brasil·Private·Modern distributed (2019+)

CNPJ · (per-SPV — Comerc's GD plants split across 3 CNPJ roots: 35705491 + 19889446 (CONSORCIO COMERC ENERGIA MG, 180 plants) and 35593919 (CONSORCIO COMERC ENERGIA BA, 7 plants). The parent Comerc Energia S.A. CNPJ root 25369840 holds zero Sistema GD plants directly.)

Last verified: 29/07/2026 13:35 BRT

Tier 2 · third-party data with consent

Methodology CRIOS-v3.3-modeled

Net avoided emissions — credited at ownership share

83,676tCO₂ / year

Coverage

55.7–100% of the publicly disclosed portfolio

Basis

MCTI Combined Margin 0.3271 tCO₂/MWh applied to verified generation

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Data completeness · Coverage indeterminate

55.7–100% coverage range

187 installations matched

Source: Comerc's DG-only operational capacity is not separately disclosed in any single 2024-2025 public source. Available data points span 170-312 MWp DC. Lower bound: implied by Comerc institutional page's '69 solar plants' at typical 2.5 MWp/plant average (figure is undated). Upper bound: Bloomberg Línea Q2 2023 (179 MWp) plus announced Q2 2024 pipeline (+133 MWp). Combined-vertical figures (1.9-2.1 GW total, 1.681 GW operating) include utility-scale assets (Hélio Valgas 662 MWp, São João Paracatu 267 MWp, Várzea da Palma 118 MWp) and do not split GD-only operationally. See notebook 22 §4.

Operator's DG-only capacity is not separately disclosed publicly

Path to full coverage: Operator DG-only capacity disclosure required

Value at stake (indicative)

Verified avoided tCO₂/yr translated to USD. Headline anchor is the Brazilian voluntary market — the realistic near-term transactable price. International voluntary tier shown alongside; compliance markets shown for context only (not currently accessible to Brazilian renewable credits).

Primary anchor · Brazilian voluntary market

Realistic near-term transactable price for Brazilian RE credits.

Scope	I-REC BR	Range
Verified portfolio Comerc Energia · annualized. 83,676 tCO₂/yr	$377k – $586k	$377k – $586k / yr

International voluntary · upside potential

Quality-tier dependent. Karbera credits do not carry Verra/Gold Standard registry conformance; pricing toward the lower end pending standard adoption.

Scope	Verra	Gold Standard	Range
Verified portfolio Comerc Energia · annualized. 83,676 tCO₂/yr	$377k – $669k	$418k – $1.0M	$377k – $1.0M / yr

Reference benchmarks · compliance markets (context only)

Not currently accessible to Brazilian renewable credits. Shown so the order-of-magnitude is transparent — not in the headline.

Scope	RGGI	EU ETS
Verified portfolio Comerc Energia · annualized. 83,676 tCO₂/yr	$1.9M – $2.9M	$6.3M – $8.5M

Future · price discovery pending

SBCE phasing in 2025-2031; obligated-sector trading not yet active.

Scope	SBCE
Verified portfolio Comerc Energia · annualized. 83,676 tCO₂/yr	TBD — phasing in 2025-2031

Indicative values across reference carbon markets (USD/tCO₂, sourced per entry below). Not a price quote and not investment advice. Realized prices depend on vintage, registry, project type, additionality assessment, and counterparty. Markets shown are not interchangeable. EU ETS spot is sourced from Trading Economics as a reference redisplay of ICE EUA settlement; canonical reconciliation against DEHST quarterly auction reports is recorded in the EU ETS entry's canonical_reconciliation block.

Indicative value

This quantity of avoided CO₂, priced at published market ranges:

Voluntary market (addressable today)

US$ 377k–1.0MR$ 1.9M–5.1M· PTAX 5.12 · 2026-07-29

Band US$ 4.50–12.00/tCO₂ · Verra VCS RE · Gold Standard RE · Brazilian voluntary I-REC · 2026-Q1. FX: Banco Central do Brasil — PTAX (Olinda API, CotacaoDolarPeriodo).

Upside pathway · SBCE compliance market (Lei 15.042/2024, phasing 2025–2031)

No established price exists yet — price forms when the market opens. Regulated-market prices globally run above voluntary prices (see Markets). Karbera shows no number here rather than borrowing one from a market this credit cannot access.

Indicative value of this quantity of avoided CO₂ at published market ranges — not a quote, not an offer, not a valuation of this asset or a return projection. Realized value requires verification, minting, and a buyer. CRIOS tokens are not offered for sale; none are minted.

Verified CO₂ (annual)

83,676tCO₂e

Installations matched

187UCs

Capacity (matched)

173.8MWp DC

~139 MW AC equivalent

Dominant tier

ModeledCRIOS-v3.3-modeled

Installations(187/187)

Installation	Location	Capacity	Production (MWh/yr)	Loss gross-up	Attribution	Tier	tCO₂/yr
GD.MG.000.429.125 CONSORCIO COMERC ENERGIA MG	Francisco Sá · MG CEMIG DISTRIBUICAO S.A	5,000 kWp DC	7,446	×1.09963	inferred	Modeled	2678.2
GD.MG.000.452.872 CONSORCIO COMERC ENERGIA MG	Francisco Sá · MG CEMIG DISTRIBUICAO S.A	5,000 kWp DC	7,446	×1.09963	inferred	Modeled	2678.2
GD.MG.001.538.698 CONSORCIO COMERC ENERGIA MG	Patos de Minas · MG CEMIG DISTRIBUICAO S.A	4,625 kWp DC	6,888	×1.09963	inferred	Modeled	2477.4
GD.MG.000.605.543 CONSORCIO COMERC ENERGIA MG	Januária · MG CEMIG DISTRIBUICAO S.A	2,682.9 kWp DC	3,995	×1.09963	inferred	Modeled	1437.1
GD.MG.000.575.274 CONSORCIO COMERC ENERGIA MG	Paracatu · MG CEMIG DISTRIBUICAO S.A	2,500 kWp DC	3,723	×1.09963	inferred	Modeled	1339.1
GD.MG.000.605.622 CONSORCIO COMERC ENERGIA MG	Paracatu · MG CEMIG DISTRIBUICAO S.A	2,500 kWp DC	3,723	×1.09963	inferred	Modeled	1339.1
GD.MG.002.182.027 CONSORCIO COMERC ENERGIA MG	Pedra do Indaiá · MG CEMIG DISTRIBUICAO S.A	2,500 kWp DC	3,723	×1.09963	inferred	Modeled	1339.1
GD.MG.002.224.171 CONSORCIO COMERC ENERGIA MG	Pedra do Indaiá · MG CEMIG DISTRIBUICAO S.A	2,500 kWp DC	3,723	×1.09963	inferred	Modeled	1339.1
GD.MG.002.224.591 CONSORCIO COMERC ENERGIA MG	Pedra do Indaiá · MG CEMIG DISTRIBUICAO S.A	2,500 kWp DC	3,723	×1.09963	inferred	Modeled	1339.1
GD.MG.002.897.197 CONSORCIO COMERC ENERGIA MG	Cláudio · MG CEMIG DISTRIBUICAO S.A	2,500 kWp DC	3,723	×1.09963	inferred	Modeled	1339.1
GD.MG.002.208.716 CONSORCIO COMERC ENERGIA MG	Patrocínio · MG CEMIG DISTRIBUICAO S.A	2,250 kWp DC	3,351	×1.09963	inferred	Modeled	1205.2
GD.MG.002.708.040 CONSORCIO COMERC ENERGIA MG	Pedrinópolis · MG CEMIG DISTRIBUICAO S.A	2,250 kWp DC	3,351	×1.09963	inferred	Modeled	1205.2
GD.MG.002.170.149 CONSORCIO COMERC ENERGIA MG	Pedra do Indaiá · MG CEMIG DISTRIBUICAO S.A	1,250 kWp DC	1,862	×1.09963	inferred	Modeled	669.6
GD.MG.002.205.725 CONSORCIO COMERC ENERGIA MG	Pedra do Indaiá · MG CEMIG DISTRIBUICAO S.A	1,250 kWp DC	1,862	×1.09963	inferred	Modeled	669.6
GD.MG.002.206.654 CONSORCIO COMERC ENERGIA MG	Pedra do Indaiá · MG CEMIG DISTRIBUICAO S.A	1,250 kWp DC	1,862	×1.09963	inferred	Modeled	669.6
GD.MG.002.170.171 CONSORCIO COMERC ENERGIA MG	São Sebastião do Oeste · MG CEMIG DISTRIBUICAO S.A	1,243.2 kWp DC	1,851	×1.09963	inferred	Modeled	665.9
GD.MG.000.300.751 CONSORCIO COMERC ENERGIA MG	Manga · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.12783	inferred	Modeled	549.4
GD.MG.003.429.473 CONSORCIO COMERC ENERGIA MG	Bocaiúva · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.12783	inferred	Modeled	549.4
GD.MG.000.233.621 CONSORCIO COMERC ENERGIA MG	Manga · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.09963	inferred	Modeled	535.6
GD.MG.000.237.491 CONSORCIO COMERC ENERGIA MG	Manga · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.09963	inferred	Modeled	535.6
GD.MG.000.245.842 CONSORCIO COMERC ENERGIA MG	Mirabela · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.09963	inferred	Modeled	535.6
GD.MG.000.300.783 CONSORCIO COMERC ENERGIA MG	Manga · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.09963	inferred	Modeled	535.6
GD.MG.000.300.802 CONSORCIO COMERC ENERGIA MG	Manga · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.09963	inferred	Modeled	535.6
GD.MG.000.300.806 CONSORCIO COMERC ENERGIA MG	Manga · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.09963	inferred	Modeled	535.6
GD.MG.000.300.815 CONSORCIO COMERC ENERGIA MG	Manga · MG CEMIG DISTRIBUICAO S.A	1,000 kWp DC	1,489	×1.09963	inferred	Modeled	535.6

Distributed loss gross-up. Energy injected at the distribution grid displaces generation upstream of network losses, so credited MWh are grossed up by 1/(1 − L). L is the distributor's measured technical loss from ANEEL SAMP — Balanço, PRORET Submódulo 2.6 (resource 9f03a034-fb01-4daa-b6a6-e25a84d979ed), latest 12 published competências per distributor. Production on this table is modeled, not metered.

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Ownership netting

Distributed installations are credited to the registry titleholder in full — there is no joint-venture apportionment on this portfolio. No tonne is credited to more than one party.

Provenance

Every figure on this page is derived from public records only. The operator is never the data originator (No-Self-Reporting Principle).

Generation · Sistema GD registry capacity with regional capacity factors — modeled, not metered.
Registry · ANEEL Sistema GD — installation codes, titleholder, distributor, capacity.
Emission factor · MCTI Combined Margin 0.3271 tCO₂/MWh (0.75 × OM 0.4125 + 0.25 × BM 0.0711).
Loss gross-up · ANEEL SAMP — Balanço, PRORET Submódulo 2.6 (resource 9f03a034-fb01-4daa-b6a6-e25a84d979ed), measured technical-loss variant per distributor.
Pipeline run · comerc-2026-05-03-v3a · 29/07/2026 13:35 BRT

sistemaGd: 2026-04-28 (daily; full-file probe of 2,744,001 installations)onsHourlyGeneration: geracao-usina-2 monthly parquets, 2025-01..2025-12onsThermalDispatch: geracao-termica-despacho-2 monthly parquets, 2025-01..2025-12epePdgd: Power BI dashboard — manual fixture export (none present at time of generation; runs were tier_0_modeled)

Full methodology →

Methodology integrity rule

Any displayed numeric figure that an external party could independently verify uses the recognizable form (operator's published nameplate, not internal methodological transformations). Derived values are shown alongside, not in place of, canonical values.

Production-of-record principle

Every per-row numeric figure is traceable to its verification mechanism, and that mechanism is visible to the user via the tier chip.

Read full methodology →

This is the public listing. Operators with a workspace can access full hourly reconciliation, audit ledger, and CRIOS minting at /app.

Comerc Energia

Data completeness · Coverage indeterminate

Value at stake (indicative)

Installations(187/187)

Provenance

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