Brookfield Acquires Brazil’s Largest Solar Power Generator Distributor

Targeting The Brazilian Market Since Last Year, Brookfield Acquired Aldo Solar, One Of The Largest Distributors Of Solar Power Generators In Brazil, Which Reported A Profit Of R$ 1.6 Billion And Aims To Double It This Year

Brookfield, a private equity fund, acquired 100% of Aldo Solar, the largest distributor of solar power generators in Brazil. It is worth noting that the purchase price was not disclosed. Based in Maringá, Aldo Solar generated R$ 1.6 billion last year and is expected to double its revenue this year. Currently, Brookfield’s private equity sector manages R$ 26 billion in Brazil.

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Brookfield Plans To Occupy The Best Position In The Wholesale Of The Brazilian Solar Sector

Since it began selling generators, Aldo Solar has sold 160 thousand units, which is about one-third of all solar power generators installed on rooftops in Brazil. In addition to the acquisition of Aldo, Brookfield also plans to occupy a better position in the wholesale of Brazilian solar energy.

In 2020, an article from Valor Econômico revealed that Brookfield intended to invest approximately R$ 4 billion in the Brazilian solar energy sector.

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By 2023, solar energy is estimated to reach 1,500 megawatts of capacity and has the potential to match the installed capacity of other Canadian fund assets with wind or biomass plants.

CEO Of Aldo Solar Speaks Out

According to Aldo Pereira Teixeira, president of Aldo Solar, the company has traveled a long path and is very proud of what it has achieved so far. The executive claims to be one of the first to promote the solar energy sector, making the company a pioneer in sustainability, and this transaction will help him go even further, expanding the offer to a growing market.

The entrepreneur founded Aldo Solar in the 1980s, inside a Kombi, traveling around Paraná selling materials for repairing radios and televisions. The entry into the generator distribution sector began in 2000. Currently, Aldo Solar serves about 11 thousand customers and follows the trend of e-commerce, with more than 70% of its revenue coming from online sales.

Aldo was a distributor of conventional solar power generators, working alongside brands such as Samsung, HP, Intel, and Microsoft until it entered the solar energy sector in 2015. In 2019, the company achieved a profit of R$ 580 million and for the first time earned the title of leader in solar power generator sales.

Brookfield Claims It Has Been Eyeing Brazil For A While

At the beginning of last year, Brookfield was already making purchases in the solar energy sector, acquiring Alex Newen, a company from the construction and engineering group, Steelcons. The group is based in Campinas, in the interior of São Paulo, and had previously closed the early sale of solar energy from its projects in an auction held by the federal government in 2018.

The Canadian fund, Brookfield focuses its investments on real estate, clean and sustainable energy, and infrastructure. At the time, the acquisition was already seen as an indication that the fund would soon enter the Brazilian solar energy market.