Pi Capital Advises U.S.-Based Multibillion-Dollar Private Investment Platform on Renewable Energy Acquisitions in Brazil
Pi Capital’s affiliated broker-dealer, Marco Polo Securities Inc. is pleased to announce that it advised Vientos Solutions LLC on the acquisition of controlling interests in two photovoltaic solar generation projects in the State of Bahia, Brazil – SPE Assuruá Geradora de Energia Solar S.A. and UFV Verde Vale III, Ltda. Terms of the transactions were not disclosed.
“A core focus of Pi Capital’s Power and Energy sector focus is our ability to support financial and strategic alternative asset managers on the successful implementation of their investment strategies in renewable energy assets around the world. We look forward to bringing more of these options to our clients. The depth of Pi Capital’s relationships with developers and service providers active in South America and the Caribbean helps us provide that essential bridge between investors seeking to extend their reach into the region,” said Pavlos Mavrides, Managing Director and Head of Power & Energy Investment Banking at Pi Capital.
Vientos Solutions is committed to expanding its footprint in Brazil and other emerging markets through wind, solar and hydro energy projects. The acquisition of Assuruá and Verde Vale III supports Vientos Solutions’ expansion strategy by extending its business in the Southern Cone to the solar market in Brazil’s Northeast region. The Assuruá project reached commercial operation ahead of schedule, and construction is progressing quickly at Verde Vale.