Pátria Investimentos Will Invest R$ 400 Million in Increasing Stakes in Nine Small Hydroelectric Plants

Written by Bruno Teles

Published on 01/03/2023 at 14:42

Pátria Investimentos (Foto/divulgação)

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Patria Investimentos Is Looking to Double Its Fundraising to a New Level Through PIER11 (Patria Infrastructure Energy Core Income FIP-IE).

Initially, Patria Investimentos, which is an alternative asset manager, raised R$191 million in August 2022 and is now seeking over R$400 million. The funds will be allocated to expand investments in nine small hydropower plants totaling 168 MW (megawatts).

One of the areas considered essential in Patria Investimentos‘ strategy is renewable energy. According to Daniel Sorrentino, partner and country manager for Brazil at the firm, these sectors are “the China within Brazil,” as they grow above GDP and outperform macroeconomic trends. However, the strategy also includes health, food, logistics, distribution, and real estate sectors.

In 2020, Patria Investimentos was able to raise US$3.1 billion through organic techniques, and with acquisitions, this volume rises to US$4.5 billion. The goal is to reach US$50 billion by 2025. The intention is to enhance the role of these renewable energy sources in the Brazilian scenario.

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Élis Energia – Company Receives Investment from Patria Investimentos of US$120 Million to Build 40 Small Solar Plants by 2024

Thus, Patria Investimentos has just announced an investment of US$120 million for the creation of Élis Energia, a new company focused on solar projects for distributed generation. Aiming for an energy transition era and seeking to lower electricity bills, the firm plans to build 35 to 40 solar plants with a total installed capacity of 200 megawatts-peak by 2024.

The proposal of Élis is to provide the necessary infrastructure for the operation of the plants, while its responsibility for the sale and compensation of the generated energy will be delegated to the marketers. “Our area of expertise is to have projects, implement plants, operate them, and finance them,” said Pierre-Yves Mourgue, president of Élis Energia.

The new platform has already secured its first long-term contract for leasing solar plants with Evolua Energia, in addition to negotiations with other agents to cover its projected capacity. The projects are scheduled to encompass seven Brazilian states: Minas Gerais, Piauí, Ceará, Pernambuco, Bahia, Goiás, and Mato Grosso.

With 17 gigawatts (GW) of installed capacity across Brazil, the solar distributed generation includes everything from residential solar rooftops to small plants capable of supplying businesses. Élis Energia enters the market with tariff benefits granted to distributed generation before the new rules of Law 14.300 take effect.

Source: Forbes

Pátria Investimentos Will Invest R$ 400 Million in Increasing Stakes in Nine Small Hydroelectric Plants

Patria Investimentos Is Looking to Double Its Fundraising to a New Level Through PIER11 (Patria Infrastructure Energy Core Income FIP-IE).

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Élis Energia – Company Receives Investment from Patria Investimentos of US$120 Million to Build 40 Small Solar Plants by 2024

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Pátria Investimentos Will Invest R$ 400 Million in Increasing Stakes in Nine Small Hydroelectric Plants

Patria Investimentos Is Looking to Double Its Fundraising to a New Level Through PIER11 (Patria Infrastructure Energy Core Income FIP-IE).

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