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Pátria Investimentos wants to double its fundraising to a new level, through PIER11 (Pátria Infraestrutura Energia Core Renda FIP-IE).
At first, Patria Investimentos, which manages alternative assets, managed to raise BRL 191 million in August 2022 and is now seeking more than BRL 400 million. The funds will be used to expand investments in nine small hydroelectric power stations totaling 168 MW (megawatts).
One of the areas considered essential in the strategy of Patria Investimentos are renewable energies. For Daniel Sorrentino, partner and country manager for Brazil at the manager, these sectors are “China within Brazil”, as they grow above GDP and outperform macroeconomic trends. However, the areas of health, food, logistics, distribution and real estate are included in this strategy.
In 2020 the Patria Investimentos was able to raise US$3,1 billion through organic techniques, and with acquisitions that volume rises to US$4,5 billion. The goal is to reach US $50 billion in 2025. The intention is to enhance the role of these sources of renewable energy in the Brazilian scenario.
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Élis Energia – company receives a US$ 120 million contribution from Patria Investimentos to build 40 small solar plants by 2024
Thus, the Patria Investimentos has just announced an investment of US $120 million for the creation of Élis Energia, a new company focused on solar projects of distributed generation. Pointing to an era of energy transition and seeking to lower electricity bills, the manager intends to build 35 to 40 solar plants with an installed capacity of 200 peak megawatts by 2024.
Élis' proposal is to offer 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 trading companies. “Our area of specialization is to have projects, deploy plants, operate and finance them”, said Pierre-Yves Mourgue, president of Élis Energia.
The new platform has already closed its first long-term contract for leasing solar plants with Evolve Energy, in addition to negotiations with other agents to cover its expected capacity. The developments are scheduled to cover seven Brazilian states: Minas Gerais, Piauí, Ceará, Pernambuco, Bahia, Goiás and Mato Grosso.
With 17 gigawatts (GW) of installed power throughout Brazil, distributed solar generation ranges from residential solar roofs to small power plants capable of supplying companies. Élis Energia hits the market with tariff benefits granted to distributed generation before the entry into force of the new rules of Law 14.300.
Source: Forbes
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