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An Innovative Partnership Accelerates Financing for Photovoltaic Projects, Setting a Record in the Brazilian Solar Sector.
Solfácil, a leader in solar solutions in Latin America, and Kanastra Securitizadora have joined forces in a pioneering fundraising of R$ 600 million through Real Estate Receivables Certificates (CRI), aimed at boosting over 20,000 solar energy projects. This financial movement, the largest ever observed in the distributed solar energy segment in Brazil, promises to significantly accelerate the energy transition in the country, offering a greener and more sustainable future.
Boost for the Energy Transition
The amount raised through the CRI, an innovation in sector financing, is directed towards the development of photovoltaic systems for individual and corporate clients. Classified as a “green bond” by Fitch Ratings, this financial effort reflects Solfácil’s and Kanastra’s commitment to mitigating climate change and promoting cleaner and more accessible energy.
The issuance, divided into series with risk ratings of AA+ to AA, not only validates the effectiveness of Solfácil’s business model but also provides investors with a solid and sustainable opportunity to apply their resources. This fundraising method ensures a more attractive cost of capital, resulting in lower interest rates for end consumers and consequently making the financing of solar panels more accessible to a larger portion of the population.
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Expansion of Access to Solar Financing
The operation symbolizes an important milestone for Solfácil, expanding its reach and consolidating its position as a leader in the solar energy ecosystem. Guillaume Tiret, CFO and co-founder of the company, emphasizes the importance of this advancement for the democratization of access to solar energy, highlighting the role of green CRIs in this process. The partnership with Kanastra, in turn, represents a successful and technologically advanced structuring that maximizes the efficiency and security of investments in solar energy.
Manuel Netto, from Kanastra, highlights the importance of integration and automation for the success of the operation, which promotes not only a thorough analysis of each asset but also continuous monitoring of the portfolio. This level of governance and transparency ensures the good performance of investments and the robustness of the adopted strategy.
In the past nine months, Solfácil has already raised over R$ 1.3 billion, including the recent issuance of the green CRI and other financing initiatives. These actions reflect the company’s ongoing commitment to expanding solar energy in Brazil, offering not only financing but also the distribution of equipment, insurance, monitoring systems, and benefit programs for integrators.
The collaboration between Solfácil and Kanastra opens new paths for solar energy financing in Brazil, setting a precedent for future fundraisings and reinforcing the importance of innovation and sustainability in the energy sector. With these initiatives, Solfácil not only leads the transition to a cleaner energy matrix but also facilitates the generation of renewable, accessible, and efficient energy for all Brazilians.
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| Ana Claudia Silva – F5/FSB Holding. |
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