EN 
PT_BR 
A CELA (Clean Energy Latin America), a company specializing in financial advisory and strategic consultancy, announced a new area of financial advisory focused on business M&A (mergers and acquisitions) It is project finance in the wind, solar, energy storage It is green hydrogen in Brazil.
“With the sustained growth and increasing maturity of the wind and solar energy sectors in Brazil, investors from outside the energy sector have sought opportunities to enter these markets via the acquisition of existing projects and companies, and companies in the sector have sought consolidate assets onto larger platforms. And we are ready to make these businesses viable in the country”, he comments Camila Ramos, CEO of CELA.
“Also, in the context of ESG, financial and strategic investors seek greater exposure to assets in the energy transition sector,” he added.
CELA's new financial advisory area will be headed by the executive Irving Petrazzini, which has more than 15 years of experience combined in mergers and acquisitions, financing and management of high-growth companies.
Having worked at Banco Votorantim, Morgan Stanley, BTCompany and Digital House (investee Kaszek and Riverwood), Petrazzini brings experience in structuring and executing growth strategies based on acquisitions. He has a degree in electrical engineering from the USP Polytechnic School (University of São Paulo), with an MBA from The Wharton School.
“CELA’s proposal with the new structure is to double business next year in the areas of M&A and Project Finance. In the last decade, the company has advised around 3.5 GW in transactions in the wind and solar energy sectors, including companies and centralized generation and distributed generation projects of different sizes”, informed the company in a press release.
CELA participated as transaction financial advisor important in the renewable energy market, such as, for example, the sale of projects from Sunedison in Latin America for Actis, creating the Atlas Renewables in centralized generation, and the purchase of plants from RGD (joint venture between the Generates and the Raízen) for the Athon Energy this year in distributed generation.
M&As in renewables: billion-dollar market in Brazil
According to a recent CELA study, agreements with mergers and acquisitions in the renewable energy sector total around R$ 50 billion accumulated in Brazil over the last ten years.
The data is part of the “Overview of M&As in the renewable energy sector”, carried out independently by CELA based on research and contributions from players in the solar photovoltaic and wind markets in Brazil. According to the report, they were mapped more than 50 GW of projects and companies transacted between 2014 and 2023.
The study brings an aggregated analysis by CELA experts of more than 190 transactions of companies and projects related to photovoltaic solar energy and wind energy, including large centralized plants (large scale) and medium-sized distributed generation projects (up to 5 MW).
According to the report, between 2014 and 2023, there was an increase of more than 400% in the number of transactions mapped annually and a growth of more than 8 times in the total capacity (GW) transacted.
Only in the last 24 months, between 2022 and 2023, were more than 60 transactions mapped, totaling approximately R$ 25 billion and a transaction capacity of 30 GW.
From 2020 to 2023, the volume of transactions intensified, for numerous reasons, with emphasis on the growth of agreements in the area of distributed generation, although it is characterized by smaller projects.
In the case of the financial volume transacted, centralized projects, especially from the wind source, appear more expressively, given the size of the projects and the power installed in large-scale plants.
“Thus, total valuations are directly proportional to the total capacity transacted and, consequently, more significant for centralized generation projects”, concluded Camila.
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