Exus acquires 1GW of Brazilian solar projects

Facebook
Twitter
LinkedIn
Reddit
Email
The 20 solar parks are expected to be operational during the second half of 2024. Image: Raphael Nogueira via Unsplash.

Investment firm Exus Brazil Investimentos has acquired 100% of the shares of Riacho da Serra Energia, and the Brazilian project-related assets, from Decal Renewables and Upside Value.

In the agreement, the subsidiary of Exus Management Partners will acquire 20 solar parks located in the north-eastern state of Piauí, part of Brazil’s sun-rich ‘solar belt’, with a total installed capacity exceeding 1GW once completed.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The development will represent an investment of more than BRL3.5 billion (US$686 million) in the country and create 2,500 jobs. The structuring of the projects will be finalised in two phases and is set to achieve commercial operation by the second half of 2024.

The solar parks have already been granted interconnection and contracts for the use of the transmission system has been signed with national grid operator ONS.

Pedro Fragoso, Partner at Exus Brazil, said: “We are delighted to have secured a deal for a highly significant project in the context of Brazil’s energy mix.”

Exus Management Partners currently has 10GW of renewables assets under management across Europe, the US, Latin America and Eurasia.

Read Next

August 28, 2025
Latin America has the potential to unlock billions in clean energy investment if it aligns national policies with global sustainability goals and investor expectations.
August 12, 2025
US solar tracker manufacturer Nextracker will supply 1.5GW of its products to a Brazilian solar PV hybrid project portfolio.
August 6, 2025
Independent power producer (IPP) Scatec has secured BRL150 million (US$27 million) for its 142MW solar PV plant in Minas Gerais, Brazil. 
July 28, 2025
Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.
July 3, 2025
Renewable energy curtailment in Brazil is set to reach 8% across the country, and be as high as 11% in the north-east, by 2035.
April 2, 2025
Brazilian mining giant Vale has sold a 70% stake in a renewable power portfolio in the country, generating around US$1 billion in cash.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines