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).

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

Patria | Infrastructure Area

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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).

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

Patria | Infrastructure Area

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

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An entire building sank into the ground in Santa Catarina while residents were sleeping, and now 16 apartments are closed off with a real risk of collapse, and even the neighbors may be forced to leave.

In Hanover, Lula celebrates the EU-Mercosur agreement that comes into effect on May 1st, but criticizes “false statements” about agriculture and demands less barriers from Europe for Brazilian biofuels.

While an American factory takes months to deliver a thousand trucks, this Chinese giant churns out 20,000 a year, sells directly to governments around the world, and is devouring the Western market mercilessly.

Almost 70% of Brazilians have debts and 41% have not paid back friends and family after borrowing, according to Datafolha; revolving credit turns into a snowball and financial pressure affects 45%.

The government aims to reach 700 open markets for agriculture by the end of the year and has already opened 594 since 2023, with 29 products released in 9 countries in April.