WEG and Votorantim Bank Form Partnership to Expand Solar Energy Presence in Companies and Homes in Brazil

Written by Flavia Marinho

Published on 19/11/2020 at 07:30

A parceria entre a WEG e o BV propõe uma linha de crédito especial para financiar a instalação de um gerador de energia solar, incluindo o equipamento e mão de obra

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The Partnership Between WEG and BV Proposes a Special Credit Line to Finance the Installation of a Solar Energy Generator, Including Equipment and Labor

Banco BV has partnered with WEG, a Brazilian company specializing in the manufacturing and commercialization of electric motors, transformers, and generators, to expand its presence in solar energy. Petrobras has approval from Cade to sell its subsidiary Liquigás, the leader in the national market for liquefied petroleum gas distribution (LPG)

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

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

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“The partnership with BV is another convenience that WEG has brought to its customers and integrators. Solar systems enable the expansion of this energy source in Brazil, aligned with WEG’s commitment to bringing sustainable solutions to the market,” says Manfred Peter Johann, Superintendent of WEG Automation.

This initiative expands BV’s operations in the solar energy market, which has had a financing program in partnership with Portal Solar since 2018, a marketplace for residential solar installers. The financing of 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 include Banco do Brasil and Votorantim S.A. – one of the largest private conglomerates in Latin America.

As for WEG, it was founded in 1961. It is a global company of electromechanical equipment, primarily operating in the capital goods sector with solutions in electric machines, automation, and paints, for various sectors, including infrastructure, steel, paper and pulp, oil and gas, mining, among many others. In 2019, WEG achieved net revenue of R$13.3 billion, with 58% coming from sales made outside Brazil.

WEG and Votorantim Bank Form Partnership to Expand Solar Energy Presence in Companies and Homes in Brazil

The Partnership Between WEG and BV Proposes a Special Credit Line to Finance the Installation of a Solar Energy Generator, Including Equipment and Labor

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