Aldo Solar is sold to Brookfield fund

Updated at 11:14 am on August 6

The distributor of photovoltaic equipment Aldo Solar was purchased by a private equity fund from Brookfield. The press office confirmed the information to the Solar Channel on Thursday night (5).

The value of the transaction was not revealed and the negotiation should be closed by the end of this month. Upon completion of the sale, Aldo Teixeira Pereira, founder of the company that bears his name, will continue as CEO of the company and will have a seat on the board.

“We have come a long way and we are very proud of what we have achieved so far. We were one of the first to believe in the solar sector in Brazil, we are pioneers in sustainability, and this transaction will help us go even further, expanding our offer to a rapidly expanding market,” said Teixeira.

The company has more than 40 years of history and since 2015, it has been offering solutions for generating photovoltaic solar energy. There are more than 20 thousand generator models available on the website and ready for delivery.

The company works with sales according to the needs of each consumer, as well as individual equipment. Among the items offered are solar panels, inverters, structures, string-box, batteries, LED lighting, transformers, as well as accessories for other purposes.

At the beginning of last month, the company reached the mark of 160 thousand solar generators sold in Brazil, which is equivalent to a generator sold every three minutes and an approximate power of 1.5 GWp.

Invoicing

In 2020, Aldo Solar recorded revenue of R$1.6 billion and has more than 11 thousand independent dealers and installers throughout Brazil, in addition to It is–commerce where you can find various photovoltaic equipment.

“We believe that our long-standing presence in Brazil, our experience with investments in various industries and our global presence in the renewable energy market will bring relevant benefits and synergies to Aldo’s expansion. We are excited to support the company’s management team in consolidating its growth and continuously generating value for society”, he declared Alexandre Thiollier, Managing Director at Brookfield.