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

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

Motorcyclist sees excavator arriving at the edge of a river in Bosnia, calls neighbors in minutes and turns a hydroelectric project into a resistance lasting more than 10 years with five expired concessions.

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