A Matrix Energy announced that intends to install 224 MWh in BESS (Battery Energy Storage System, in Portuguese) by 2025. To finance this project, the company has just issued R$100 million in green debentures, through its subsidiary GET Comercializadora. The issuance, with a term of six years, was led by Caixa Econômica Federal.
“This transaction is a significant milestone for Matrix, being the first green issuance in Brazil specifically aimed at battery energy storage and the company’s second green debenture issuance in less than 12 months. The capital markets have been fundamental in supporting our ambitious investment plan, both in BESS and in solar generation assets,” said Federico Marsano, CFO of Matrix Energia.
Green (incentivized) debentures allow companies to raise funds in the capital market to finance infrastructure projects, offering investors exemption or reduction of Income Tax on the income obtained.
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According to Marco Buzzo, head of Investment Banking at CASHIER, the operation marks the bank's commitment to the sustainable agenda, financing projects that encourage the expansion of the clean energy matrix in Brazil.
Matrix Energia launched the Energy as a Service (EaaS) business unit at the end of 2023, expanding its portfolio of energy efficiency solutions and storage systems. One of the functions of the BESS is to balance the energy supply in regions where the matrix is heavily dependent on intermittent sources, such as solar and wind.
For example, BESS can store energy during off-peak hours for release during periods of high demand or high prices.
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