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Triodos Emerging Markets Renewable Energy Fund and Triodos Groenfonds have provided AXS Energia with a US$5 million senior debt facility for the joint construction of 14 ground-mounted solar power plants in Brazil, with a total expected capacity of 39.7 MWp. We are providing financing. The lead organizer of his $54 million project is CIFI Services.
distributed power generation
Brazil has a dynamic and well-developed renewable energy market. The country has an adequate legislative and regulatory framework to promote the development of renewable energy sources. This includes regulations on distributed generation that allow consumers to generate their own electricity from renewable sources.
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AXS Energia is an experienced player in this sector of the renewable energy market. Facilitate access to renewable energy through subscription plans. The company has developed an app that allows customers to discount the energy produced by solar power plants.The app also allows customers to access their bills, check their energy consumption, and track their energy savings.
The energy produced by the 14 solar power plants is injected directly into the electricity grid near the point of use. This means that energy is located closer to the final consumer, primarily small and medium-sized enterprises. The advantage of such decentralized energy sources over centralized energy generation projects is that transmission and distribution losses are reduced and grid stability and security are improved.
The solar power plant is currently under construction. It is expected to begin operations in the second quarter of 2024.
Altynay Valikhanova, Head of Project Debt (Renewable Energy in Emerging Markets):We view this transaction – the first of its kind in Brazil – as a welcome addition to our renewable energy portfolio in emerging markets. The project will promote decentralized renewable energy, delivering clear environmental and social benefits such as reduced greenhouse gas emissions, energy security, and employment and income opportunities. This also marks the beginning of our relationship with CIFI, which has a strong reputation for infrastructure and energy projects in Latin America. ”
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