Helexia closes its first distributed solar project financing in Brazil

Helexia, a subsidiary of Voltalia (Euronext Paris, ISIN code: FR0011995588) and an international player in the energy transition, announces the financing of R$ 90 million in partnership with the Banco Nacional de Desenvolvimento Econômico e Social (“BNDES”).

A pioneer in energy transition since 2010, Helexia provides integrated and customized solutions beneficial to both its clients and the environment. Following the acquisition by Voltalia in September 2019, Helexia multiplied by four its installed capacity and by eleven its portfolio of long-term photovoltaic contracts.

Helexia has satisfied all the conditions precedent for the disbursement of the first tranche of a R$ 90 million project financing for distributed solar projects in Brazil. This financing has been raised with BNDES, a Brazilian government-backed development financial institution and a landmark historical financing partner of our shareholder, Voltalia, in Brazil.

This financing agreement aims at financing 17 photovoltaic plants located in the states of Paraná, Mato Grosso do Sul, and Rondônia, totaling an installed capacity of 25 MW. The electricity of these projects is sold through a 20-year offtake contract to Telefonica, the main telecom operator in Brazil, under the Brazilian distributed generation scheme. Thanks to these projects, Helexia brings a first concrete contribution to Telefonica’s ambitious energy transition roadmap. To date, Helexia has signed two PPAs with Telefonica, amounting to a total capacity of 87 MW, which are expected to fully reach operations over the next year.

This financing, raised with a major Brazilian lender, demonstrates the geographic scalability of Helexia’s business model and its viability in Brazil, a country in which the group has been conducting business since 2020 and where company needs for solar energy and energy efficiency are high.