Energea signs financing deal for Brazil community solar portfolio

By Charlie Duffield
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Energea has tapped BTG Pactual to finance the 28MW project portfolio. Image: M.J. Ambriola/Flickr

Energea Global, a renewable energy investment manager, has announced a US$27 million deal with BTG Pactual to construct a portfolio of solar projects in Brazil.

The US$27 million investment will be used to construct a series of community solar projects in Minas Gerais with a total peak generation capacity of around 28MW.

The electricity generated by these plants will be delivered to thousands of small businesses who have banded together to enjoy the cost and environmental benefits of solar energy.

Luiz Leão, CFO at Energea said: “This transaction shows that some of the largest and most sophisticated investors in the world, like BTG Pactual, are committing significant capital towards low-carbon infrastructure.”

Rafael Chitarra, executive director of BTG Pactual, added: “This is not just a strong investment opportunity, but also a chance to play a crucial role in the global energy transition and improve access to affordable and clean energy for all.”

In July, Canadian Solar closed a $100 million deal to develop a Brazilian solar portfolio, claimed to be the country’s largest, with BTG Pactual and Itaú BBA funding up to 70% of the module manufacturer’s equity contributions.

Read Next

June 30, 2022
Investor CleanCapital has acquired renewable energy developer BQ Energy, adding 300MW of late-stage solar development to its pipeline.
June 30, 2022
Voltalia has started the development of a cluster of solar PV projects in Brazil with a planned combined capacity of 1.5GW.
June 29, 2022
A round-up of the latest news from the US solar market, including EDF Renewables selling its 270MWdc Huck Finn Solar Project to a local utility, CS Energy partnering to deliver New York community solar and NextEnergy Capital expanding its US presence.
June 8, 2022
The US solar market experienced its worst quarter for installations since the start of the pandemic in Q1 2022, weighed down by regulatory and supply chain issues.
June 7, 2022
Canadian Solar is selling a 70% interest in two solar plants in Brazil with a combined capacity of 738MWp to SPIC Brasil, a subsidiary of State Power Investment Corporation of China (SPIC).
June 1, 2022
Norwegian renewables developer Hydro Rein and Macquarie’s Green Investment Group (GIG) are to collaborate on a hybrid solar-wind project in Brazil.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event