Origo Energia bags USD-19m lending for DG solar projects in Brazil

• Brazilian solar-focused power company Origo Energia has actually closed a BRL-106-million (USD 19.3 m/EUR 16m) mezzanine financing deal for new solar projects in your home.

The funding, approved by Blue like an Orange Sustainable Capital Fund, will be used to foster Origo Energia's development in the solar distributed generation (DG) industry, the loan provider announced last week. Particularly, Origo Energia will use the funds to develop brand-new projects for residential consumers in addition to small and medium-sized business (SMEs).

Today, Origo Energia has actually a set up capacity of 50 MW. Because its establishment, the company has produced over 119,580 MWh of renewable resource, serving more than 10,000 clients.

Japanese general trader Mitsui & Co Ltd (TYO:8031), Brazilian fund administration firm MOV Investimentos and also international investment company TPG ART are the leading investors of the energy company.