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Solfácil, The Largest Solar Energy Ecosystem In Latin America, Raised R$750 Million In Green CRI, Attracting Strong Demand From Investors And Expanding Solar Projects In Brazil.
Solfácil has just secured R$ 750 million through green CRI, joining forces to finance new solar energy ventures in Brazil. This event marks a significant milestone in the distributed solar energy sector, standing out as the largest operation ever recorded. The high demand from investors was so intense that it increased the initial amount from R$ 600 million to the impressive figure of R$ 750 million.
Solfácil, recognized as the largest solar energy ecosystem in Latin America, will continue to expand its influence and impact with these new resources. This funding will allow the company to develop an even greater number of solar projects, aligning with its commitment to promote renewable energy in Brazil. The success of this operation reflects investor confidence in the organization’s mission and execution capabilities. Additionally, the growth of solar projects will positively impact the country’s energy sustainability.
Expansion Of The Largest Solar Energy Ecosystem In Latin America
Solfácil, recognized as the largest solar energy ecosystem in Latin America, has just announced a monumental fundraising of R$750 million in Real Estate Receivables Certificates (CRI). These funds will be allocated to finance more than 22,000 distributed solar energy projects across Brazil, reflecting the strong demand from investors for this class of investment.
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This operation is the largest ever conducted in the distributed solar energy sector in Brazil. The organization was coordinated by Itaú BBA and XP, with Kanastra acting as the securitization and management company. This is the second time Solfácil has conducted a CRI fundraising. In March, the corporation had already raised R$600 million, marking one of the largest investment raises of this year.
Becoming A Unicorn And Attracting Investors
According to a recent survey by Distrito, Solfácil is seen as one of the most promising to become a unicorn. With the issuance of this second green CRI, the company has accumulated over R$1.5 billion in 2024. Guillaume Tiret, CFO and co-founder of Solfácil, considers the fundraising via CRI a crucial step, as it facilitates access to a broader audience of investors. This approach focuses on individual investors and offers a more attractive capital cost, resulting in lower interest rates for end consumers.
According to Tiret, ‘this fundraising generated strong demand from investors’, which allowed for the increase of the issuance from R$600 million to R$750 million, reaching the maximum value foreseen by the offer. This demonstrates that Solfácil’s investment products align with investors’ expectations, who seek low-risk investments, good returns, and positive environmental impact.
Rating Of Securities And Climate Commitment
The issuance of the CRI was divided into five classes of series and had its ratings assessed by Fitch Ratings and Moody’s Rating. The first series achieved the highest rating of AAA, while the second series was rated AA. Additionally, the Solfácil II CRI received the green bond classification, reinforcing its goal and commitment to address climate change.
Growing consistently, Solfácil has doubled in size year after year thanks to its business model as a solar solutions ecosystem, which places the solar integrator at the center of its activities. Recently, the company invested R$200 million in a new solar equipment distribution branch in Jundiaí and an additional R$100 million in the distribution center in Jaboatão dos Guararapes, Pernambuco.
Impressive Results And Diversified Offering
Currently, the equipment distribution front represents 50% of Solfácil’s operational results. Beyond financing and distribution of equipment, the organization offers a proprietary energy monitoring system, specialized insurance, and a benefits program for its partner integrators.
In just six years of existence, Solfácil has financed over R$3 billion in solar energy projects, surpassing 1GW in installed capacity that has been distributed among more than 110,000 end customers across Brazil. This successful trajectory exemplifies how the corporation’s innovative business model, centered on the solar integrator and the provision of comprehensive solutions, has generated significant impacts in the solar energy sector and attracted growing interest from investors.
Source: © ana.silva@giusticom.com.br
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