The joint initiative has identified 18 ready-to-build projects across 10 Brazilian states. Each project involves building a solar power plant to supply energy to local commercial and industrial customers as well as large global corporations with operations in Brazil. It has a dual effect of improving secure, localised access to clean energy and helping to lower energy prices.
Mike Silvestrini, Energea's managing partner, said: "Brazil is one of the most exciting markets in the world when it comes to renewable power and we are proud to have the backing of the expert team at GSEO to further develop distributed power generation across the country. Right now, Brazil has the perfect combination of supportive policy, strong energy economics, foreign exchange, and customer adoption, marking it a prime opportunity for investors looking for attractive returns on investment while helping to slow down climate change."
Eduardo Monteiro, co-chief investment officer of Victory Hill Capital Advisors LLP ("Victory Hill"), investment advisor to GSEO, added: "As promised to investors, this funding commitment marks the beginning of a very exciting journey for the company in Brazil, where we can support real and lasting improvements in the country's energy infrastructure. Brazil is experiencing rapid growth in its energy sector and there is significant potential for investors with the right expertise to help contribute to the country's growth with cleaner and reliable sources of power."
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Source: Energea Partners
Date: Jun 15, 2021
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