XP Investments Completed Fundraising of R$ 590 Million for the Electric Sector

Written by Bruno Teles

Published on 20/06/2023 at 00:20

Foto: XP investimentos

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On Monday, the 19th, XP Investimentos announced that it has completed the fundraising of 590.634 million reais for the Newave Capital fund, which is the Brazilian investment manager focused on the electricity sector currently operating in the country and Latin America.

The Newave Energia I Advisory will invest in Newave Energia, the company that builds solar and wind power plants and also sells small and medium enterprises in the free market. According to XP Investimentos, the fund’s executive distributor, the fundraising attracted about 10,000 investors, and its substantial amount set a record for the infrastructure fund focusing on the energy sector.

Newave Energia counts Gerdau as a major investor and also consumer of energy with a 33.33% stake. It is worth noting that Gerdau is a technology innovation company from the steel group. However, Newave Capital holds the remaining 66.67%. Newave Capital was founded in 2022 by Edgard Corrochano and a partner known as Cláudio Ferreira, in partnership with XP Investimentos.

About The Company

XP Investimentos is a financial institution authorized to operate by the Central Bank of Brazil. The company specializes in what they do, assisting in decision-making about investments, always in accordance with the clients’ objectives and profiles.

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XP Investments Completed Fundraising of R$ 590 Million for the Electric Sector

On Monday, the 19th, XP Investimentos announced that it has completed the fundraising of 590.634 million reais for the Newave Capital fund, which is the Brazilian investment manager focused on the electricity sector currently operating in the country and Latin America.

About The Company

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XP Investments Completed Fundraising of R$ 590 Million for the Electric Sector

On Monday, the 19th, XP Investimentos announced that it has completed the fundraising of 590.634 million reais for the Newave Capital fund, which is the Brazilian investment manager focused on the electricity sector currently operating in the country and Latin America.

About The Company

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

With a diameter of 15.08 meters, a length of 182 meters, and weighing 3900 tons, the world’s largest tunnel boring machine for drilling super hard rock made a 9 km tunnel in Georgia and impresses with its excavation power.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.

Larger than the Toyota Hilux and with a towing capacity of 3.5 tons, the new MG U9 2026 features a 2.5 turbodiesel engine, 520 Nm, 4×4 traction with three locks, and an almost full-size build.

Without producing a single ton of copper today, Argentina wants to become one of the ten largest producers of the metal in the world by 2035, betting on the Andes deposits and billion-dollar incentives from the Milei government to unlock projects that have been stalled for decades.

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