Energea Global, a renewable energy investment manager, has announced a US$27 million deal with BTG Pactual, one of the largest investment banks in Latin America, 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. 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. In aggregate, the projects are expected to have a peak capacity of more than 28 MW.
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. his 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.