Energea secures private equity money for DG solar projects in Brazil

Solar PV plant in Brazil

June 21 (Renewables Now) - US-based Energea Global, a renewables developer and retail investment platform, said that it has received a funding commitment of USD 63 million (EUR 53m) from a London-based private equity firm to co-invest in distributed generation (DG) solar projects across Brazil.

VH Global Energy Opportunities PLC (GSEO), an investment trust advised by Victory Hill Capital Advisers LLP, will support 18 identified ready-to-build solar projects located across ten Brazilian states.

Each project will involve building a solar farm to supply power to local commercial and industrial customers and large global corporations with operations in the South American country, Energea said.

According to Energea’s website, the company has a number of community solar projects in Brazil in pre-construction and construction stages, ranging from 1 MW to 5 MW. Two projects totalling 7.3 MW in Minas Gerais are listed as sold.

Victory Hill Capital Advisers LLP is the investment-focused subsidiary of London-based financier Victory Hill Capital Group LLP.

(USD 1.0 = EUR 0.841)

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