IFU Powers Up: Investment in 142 MWp Scatec Solar Project in Brazil
Deal News | Jan 28, 2025 | Investment Fund for Developing
IFU, a Danish Investment Fund for Developing Countries, has announced its investment in a 142 MWp solar project developed by Scatec in Brazil. The project contributes to Brazil's renewable energy capacity, showcasing the country's commitment to sustainable energy alternatives. Scatec, a renewable energy company known for its solar projects, is leading the development with IFU's support, cementing their collaborative role in advancing solar energy infrastructure. This venture underscores IFU's strategic focus on sustainability and aligns with Brazil's energy transition goals.
Sectors
- Renewable Energy
- Private Equity
Geography
- Brazil – The location of the solar project and the focus of the investment is in Brazil.
- Denmark – IFU, the investing entity, is based in Denmark, linking the geography of the investor with that of the investment location.
Industry
- Renewable Energy – The article primarily focuses on the investment in a solar energy project, a vital component of the renewable energy industry.
- Private Equity – IFU's investment activity reflects the practices and strategies employed within the private equity sector.
Financials
- 142 MWp – The capacity of the solar project being invested in by IFU.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IFU (Investment Fund for Developing Countries) | Investor | Company | A Danish investment fund that supports sustainable projects in developing countries, including the renewable energy sector. |
| Scatec | Developer | Company | A renewable energy company that is developing the 142 MWp solar project in Brazil. |