Energea Global and BTG Pactual, the largest investment bank in Latin America, have agreed to invest $27 million to construct a portfolio of solar projects in Brazil.
The investment will be used to build a series of community solar projects in Minas Gerais, which will generate energy for thousands of small businesses. The projects are expected to have an aggregate peak capacity of more than 28 megawatts.
“This 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,” said Rafael Chitarra, executive director of BTG Pactual. “BTG Pactual works with businesses like Energea to accelerate Brazil's transition to cleaner, more affordable electricity.”