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Solar power financing doubles in Brazil

Solar power financing doubles in Brazil

March 7, 2022 | Thierry Ogier
Debenture deals for solar projects also double last year as financing becomes more available, head of CELA says

Debenture Equity Brazil ESG Renewable Solar Energy Project & Infrastructure Finance

Financing for solar power projects reached BRL16.2 billion ($3.19 billion) in Brazil last year, more than double the BRL7.9 billion recorded in 2020, according to figures from Clean Energy Latin America (CELA). The amount raised from debenture sales in the local market also doubled in 2021, reaching BRL1.3 billion as developers turn more to the bond market to fund solar projects, said Camila Ramos, managing director and founder of CELA in São Paulo. "Financing has become more available. Banks ha

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