CIFI Services S.A. acted as Mandate Lead Arranger jointly with Finenge Consultoria Ltda (part of CIFI Goup) and closed a long-term loan financing to a portfolio of 14 distributed solar energy projects in Brazil for AXS Energia, a subsidiary of Grupo Roca. The total financing of US$31.3 million was provided by a syndicate of lenders including CIFI Latam, S.A. CIFI Sustainable Debt Fund L.P., and two funds of the Triodos Asset Management group. With this investment, CIFI keeps cementing its commitment to advancing renewable energy and sustainable development in the region.
The collaborative effort with AXS, promotes economically viable projects and fosters a considerable positive impact for the environment and local communities, promoting a transparent and objective disclosure of the measurable positive impacts generated by the projects; all in alignment with the Paris Agreement and the Sustainable Development Goals promoted by the United Nations.
The 14 solar distributed energy projects, with a total installed capacity of 30.13 MWac, represent another step towards a cleaner energy matrix in Brazil. CIFI’s internal projections suggest this initiative could mitigate over 40,000 tons of CO2e emissions annually, contributing to the global fight against climate change. Furthermore, the construction phase is expected to generate 650 indirect jobs, in addition to the 113 direct collaborators of AXS, therefore providing a considerable boost to the local economy and enhancing the quality of life in the involved communities.
More than 25,000 people are anticipated to benefit annually from the energy generated by these projects, thereby promoting access to clean and affordable energy sources for communities in Brazil. These steps emphasize CIFI’s commitment to the sustainable development of Latin America and the environmental and social well-being of the region.
For additional information regarding the projects and the impact of these initiatives, please visit CIFI’s official website and follow our social media channels.
About AXS Energia
AXS Energia S.A. (AXS Energia), founded in 2020 and with more than 300MW of solar energy within its pipeline, specializes in developing solar DG projects in Brazil and leasing them to customers so they self-generate and benefit from clean energy sources. On this aim, AXS Energia has also become an energy-tech firm making renewable energy digitally accessible to tens of thousands of customers in several states in Brazil including Minas Gerais, Paraná, Mato Grosso, São Paulo, and Goiás. The company is part of Grupo Roca, a Brazilian group with more than 20 years of experience in the energy market, specialized in the designing, construction and operation of large-scale infrastructure and renewable energy projects, including solar, wind and hydroelectric plants.
About CIFI
CIFI Group has provided financing to regional infrastructure projects since 2001. During this time, it has analyzed over 600 projects and participated in over 200 transactions worth more than US$ 2.0 billion, establishing itself as a leading player in developing sustainable infrastructure projects in Latin America and the Caribbean.
About CIFI AM
CIFI AM (CIFI Asset Management) is an investment firm financing private infrastructure debt projects in Latin America and the Caribbean. As a subsidiary of CIFI Group, it provides institutional investors with diversified portfolio management services in infrastructure loans in areas of high demographic growth while mitigating environmental, social, and governance risks. CIFI and CIFI AM adhere to the Equator Principles and IFC Performance Standards.
For more information, visit www.cifiam.com.
About Finenge
In October 2022, Finenge – a Brazilian leader in financial advisory services with a focus on long-term financing – was acquired by CIFI. This strategic alliance aims to unlock new investment vistas in Brazil and bring innovative projects to fruition.
More info: www.finenge.com
About CIFI’s Sustainable Infrastructure Debt Fund
This fund is tailored to support infrastructure projects that are both economically feasible and environmentally and socially responsible that provide positive measurable impacts in alignment with the Sustainable Development Goals and the Paris Agreement.
