The partnership between WEG and BV proposes a special line of credit to finance the installation of a solar energy generator, including equipment and labor

Banco BV entered into a partnership with WEG, a Brazilian company specialized in the manufacture and sale of electric motors, transformers and generators, to expand its operations in solar energy. Petrobras has Cade's endorsement to sell its subsidiary Liquigás, the leader in the national market for Liquefied Petroleum Gas (LPG) distribution

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The agreement proposes a special line of credit to finance the installation of a solar energy generator in homes or businesses, including all equipment and labor. The action also applies to integrators, which are companies qualified to install residential and small commercial systems and that resell the boards.

“We are very happy with the partnership with WEG, which is a reference in this market and will help us to make these projects increasingly viable for people and companies”, said Daniel Monteiro, superintendent of Retail Products at BV bank.

“The partnership with BV is yet another facility that WEG brought to its customers and integrators. Solar systems make it possible to expand this energy source in Brazil, in line with WEG's commitment to bringing sustainable solutions to the market”, says Manfred Peter Johann, superintendent of WEG Automação.

The action expands BV's activities in the solar energy market, which since 2018 has had a financing program in partnership with Portal Solar, a marketplace for residential solar energy installers. Financing for solar panels began to be marketed by BV in 2018, in partnership with Portal Solar, the largest solar energy marketplace in Brazil. Banco BV's shareholders are Banco do Brasil and Votorantim SA – one of the largest private conglomerates in the Latin America.

As for WEB, it was founded in 1961. It is a global company of electrical and electronic equipment, operating mainly in the capital goods sector with solutions in electrical machines, automation and paints, for several sectors, including infrastructure, steel, pulp and paper, oil and gas, mining, among many others. In 2019, WEG achieved net sales of R﹩13,3 billion, of which 58% came from sales outside Brazil.