Solar Americas Capital is partnering to bring upwards of 2GW of photovoltaic power online in Brazil by 2026.
The company will co-fund, identify, build and manage the solar assets for commercial partners.
Solar Americas Capital has successfully completed its first funding round, securing access to growth capital from private investors and is starting the construction of its first solar farm in Brazil.
Further funding is set to be accessed from private and institutional investors, the company said.
It will form joint ventures with each company.
Solar Americas chief executive and co-founder EMEA Luiz Silva said: “Improving on environmental credentials is no longer optional.
“Companies across the world are keen to explore ways that they can guarantee a reduction in their carbon footprint as well as fully optimising their operations with cost reductions.
Building a solar farm is complex and requires experience and focus on the operation which many mid-size companies do not have in-house and is expensive to access.
“We have the knowledge and connections required to build a solar power installation and lift the burden from our partners.”
The Company attracted investors active in a range of sectors and geographies, including Evipar, ATP, Motrice and Grupo Raymundo da Fonte.
Evipar shareholder Francisco Eustacio Viera Filho said: “Evipar is a household name in the region with a long-standing reputation for responsible investments within the healthcare and real-estate sectors.
“The client-investor collaborative model of Solar Americas Capital attracted our attention, and we look forward to collaborating with its successful roll-out in Brazil.”