Project Finance Brief: Exus to Acquire 20 Solar Projects Totaling 1 GW in Brazil

CC&L Infrastructure and Carbon Free Technology close $360 million debt financing

August 17, 2022

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Exus Brasil Investimentos, an asset manager of Exus Management Partners (Exus), has signed a deal to acquire 100% shares of the Riacho da Serra project in Piauí, Brazil, from Decal Renewables and Upside Value, subject to regulatory approvals and other conditions precedent. The project comprises 20 solar projects with a total capacity of 1,058 MW. The development will represent an investment of more than BRL 3.5 billion ($650 million) in the country, which will create around 2,500 direct and indirect jobs, bring development to the communities involved, and power 950,000 homes with clean energy while reducing approximately 1 million tons in CO2 emissions.

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