Brazil has a dynamic and well-developed renewable energy market. The country has the appropriate legislative and regulatory frameworks to promote the development of renewable energy sources. This includes a regulation for distributed generation, allowing consumers to generate their own electricity from renewable resources.

AXS Energia is an experienced player in this segment of the renewable energy market. It makes access to renewable energy easy through its subscription plans. The company has developed an app that allows customers to get discounts on the energy generated by the solar plants. With this app, customers can also access their invoices, look at their energy consumption and track energy savings.

Triodos Emerging Markets Renewable Energy Fund and Triodos Groenfonds have provided a senior debt facility of USD 5 million to AXS Energia to co-finance the construction of 14 ground-mounted solar plants in Brazil, with a total expected capacity of 39.7MWp. The lead arranger of this USD 54 million project is CIFI Services.