BlackRock’s Climate Finance Partnership (CFP) has signed a definitive agreement to acquire a significant minority equity interest in Brasol, a solar developer and energy transition company in Brazil.
CFP is a flagship public-private finance vehicle that seeks to accelerate the flow of capital into emerging market climate infrastructure.
CFP will join existing investor Siemens Financial Services (SFS), the equity investment and financing arm of Siemens, as a partner in the venture. The transaction is CFP’s first investment in Latin America.
Brasol provides energy transition infrastructure — including renewable energy, substations and electric mobility equipment — to Brazilian customers through long-term lease agreements. The company has pioneered the use of asset-backed securities to finance distributed solar power projects across Brazil.
“This investment proves that addressing the energy transition in developing markets is both accessible and fi