AXS Energia raises R$ 320 million to invest in solar generation

AXS Energia, the distributed generation arm of the Araxá group, raised R$ 320 million through a public offering of debentures, coordinated by Banco Modal. According to the company, the resources will be invested in expanding the shared solar generation portfolio.

The group has already made investments in 19 photovoltaic plants, with the capacity to deliver 65 MWp to its current 15 thousand customers distributed between the states of Minas Gerais, Paraná, Mato Grosso, São Paulo and Goiás.

read more: Company will invest R$ 750 million in implementing plants in MG

The funding will allow for additional investments foreseen in the business plan, which also foresees a total capex value of R$1.15 billion for the construction of 235 MWp in 77 distributed solar generation plants which, added to the R$ 350 million already invested in 2022, will total an investment of R$1.5 billion for 300 MWp distributed across 96 plants.

For the future, the company targets its growth in the expansion of shared generation (energy by subscription) and in new and synergistic segments with the current business. The company's focus is: retail energy sales for high and medium voltage customers, energy storage, electric mobility and energy efficiency.