The solar power industry in Latin America is experiencing dynamic growth, fueled by abundant sunshine and a rising demand for clean energy. Several players operate in this sector, including utility-scale project developers, manufacturers of solar panels, and financial firms that provide funding solutions. Emerging technologies, combined with government incentives, are driving investment and interest. Countries like Brazil and Mexico are ramping up installations to meet energy needs while focusing on sustainability. As the world shifts towards reducing carbon footprints, Latin America's commitment to solar power positions it as a key player in global renewable energy efforts.


The section features a compelling list of 12 solar power investors active in Latin America, ranging from corporate giants like WEG and BBVA to venture capital newcomers such as Kptl and ALIVE Ventures. These firms, headquartered in major cities like Sao Paulo and Bogota, vary in size and experience, with tenacious teams driving innovative energy solutions. In 2024 alone, these investors engaged in numerous deals—spanning various investment types—in a race towards sustainable energy development.


Top 12 Solar Power Investors in Latin America


1. bossa invest

  • Website: bossainvest.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 56
  • LinkedIn: bossainvest

Bossa Invest is a venture capital firm based in Sao Paulo, Brazil, founded in 2011. The firm specializes in investing in innovative startups, particularly in the technology sector, and provides capital, strategic guidance, and access to a network of co-investors. Bossa Invest has been active in the startup ecosystem, with 56 investments in 2024 alone. Notably, they have invested in Solfácil, a company that raised funds through debt financing and seed rounds, focusing on solar energy financing solutions. This involvement highlights Bossa Invest's interest in the renewable energy sector, particularly solar power. Additionally, they have participated in other technology-related investments, such as Wallbox, which specializes in electric vehicle charging solutions, further indicating their alignment with sustainable technology initiatives.


2. Weg

  • Website: weg.net
  • Type: Corporate
  • Headquarters: Florianopolis, Santa Catarina, Brazil
  • Founded year: 1961
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: weg

WEG S.A. is a for-profit electric equipment manufacturer based in Brazil, specializing in electric motors, generators, transformers, and automation solutions. Founded in 1961, the company has grown to operate in around 140 countries, making it a key player in the electric engineering sector. In recent years, WEG has expanded its portfolio through strategic acquisitions, including a notable investment in REIVAX, a Brazilian company specializing in renewable energy solutions, announced on November 26, 2024. This acquisition aligns with global trends towards energy reliability and grid resilience, indicating WEG's commitment to enhancing its presence in the renewable energy sector. While WEG has also focused on utility-scale wind solutions and power transformers, their investment in REIVAX highlights their interest in diversifying into renewable energy, including solar power.


3. EREN do Brasil

  • Website: eren-groupe.com
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2013
  • Headcount: 1-10
  • Number of deals in 2024: 5
  • LinkedIn: eren-do-brasil

EREN do Brasil, part of Groupe Eren, is an energy solutions provider based in Sao Paulo, Brazil, founded in 2013. The company specializes in renewable energy production, energy efficiency technologies, and energy storage solutions, catering to businesses and organizations aiming to reduce their carbon footprint. In 2024, EREN do Brasil was involved in several significant transactions, including a corporate round with Tigi and multiple seed rounds with ExerGo Sàrl, which raised funds to expand its market presence. Additionally, EREN has a stake in Accenta, a company focused on decarbonizing building heating and cooling, which secured €108M in funding to enhance its operations. These activities reflect EREN's commitment to supporting innovative technologies that contribute to a sustainable energy future, including solar power initiatives.


4. BBVA en Argentina

  • Website: bbva.com.ar
  • Type: Corporate
  • Headquarters: General Pacheco, Buenos Aires, Argentina
  • Founded year: 1886
  • Headcount: 5001-10000
  • Number of deals in 2024: 7
  • LinkedIn: bbva-argentina

BBVA Argentina is a banking institution founded in 1886, located in General Pacheco, Buenos Aires. It offers a comprehensive range of financial services, including personal and corporate banking, investment management, and insurance products. In recent years, BBVA has shown a strong commitment to the renewable energy sector, particularly solar power. Notable transactions include a $176 million debt financing for Solarpack in March 2024, a $112 million financing deal for X-Elio's solar projects in Spain in April 2023, and a $300 million financing for Qualitas Energy in September 2023. These transactions highlight BBVA's active role in supporting solar energy initiatives, making it a significant player in the solar investment landscape.


5. Canary

  • Website: canary.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: canary-venture-capital

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. They specialize in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. Canary has been actively supporting startups in various sectors, including renewable energy. Notable transactions include their investment in zMatch, a startup focused on electric cars and solar energy, which raised R$ 50 million in a Series A round in March 2023. They also invested in Bia Energy, which raised $6 million in a Pre-Seed round in July 2022, and Clarke Energia, which secured $600,000 in a Seed round in April 2020. These investments highlight Canary's commitment to supporting innovative companies in the solar power sector.


6. Kptl

  • Website: kptl.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: inseed-investimentos

Kptl is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. With a team of 11-50 professionals and over 15 years of experience in the investment landscape, Kptl has made more than 124 investments, focusing on innovative startups across various sectors. Among their notable transactions, Kptl invested in Solis, which raised $1,921,722 in a Series A round in April 2017, and OneGrid, which raised an undisclosed amount in July 2019. Additionally, they have invested in ATIVA Soluções, which raised funds in both 2020 and 2022, indicating their ongoing interest in companies that may contribute to the renewable energy landscape, including solar power.


7. ALIVE Ventures


ALIVE Ventures, also known as Acumen Latam Impact Ventures, is a not-for-profit organization based in Bogota, Colombia, that focuses on impact investing in Latin America. Founded in 2017, ALIVE Ventures aims to address economic inequality and improve the lives of low-income communities by investing in socially impactful companies. Their investment portfolio includes sectors such as education and renewable energy. Notably, ALIVE Ventures has invested in Suncolombia, a company involved in solar energy, and HYBRICO Energy Technologies, which raised $2,000,000 in May 2023, further emphasizing their commitment to supporting renewable energy initiatives. Through these investments, ALIVE Ventures provides both capital and support to companies that contribute to sustainable development and social equity.


8. ChileGlobal Ventures


ChileGlobal Ventures is a not-for-profit venture capital organization based in Vitacura, Santiago, Chile, founded in 2008. The organization focuses on providing funding, mentorship, and consulting services to innovative startups in Chile and Latin America, fostering a vibrant entrepreneurial ecosystem. Among their notable transactions, they participated in the funding of Suncast, a company that operates within the solar power industry, raising an undisclosed amount in a venture round on January 28, 2022. This investment highlights their engagement in the renewable energy sector, alongside other investments such as SimpleMap and FreshWater Solutions, which, while not directly related to solar power, demonstrate their broader commitment to supporting innovative startups.


9. Crescera Capital

  • Website: crescera.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: bozano-investimentos

Crescera Capital is a private equity and venture capital investment firm based in Rio de Janeiro, Brazil, founded in 2008. The firm specializes in providing growth capital and strategic guidance to mid-sized companies across various sectors, including education, technology, and health. In 2023, Crescera Capital made a notable investment in the solar power sector by participating in a funding round for 77Sol, which raised R$ 14 million. This investment highlights Crescera's interest in renewable energy and its commitment to enhancing operational performance in diverse industries. While their primary focus is not solely on solar power, their involvement in this sector demonstrates a willingness to engage with sustainable energy solutions.


10. CSN Inova Ventures

  • Website: csninova.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 1

CSN Inova Ventures is a corporate investor based in Sao Paulo, Brazil, founded in 2020. The firm operates as an innovation platform aimed at enhancing sustainability and efficiency across various industrial processes. They provide consulting services, invest in disruptive technologies, and develop new products and technological routes. CSN Inova Ventures has been involved in several notable transactions, including a $75 million Series B investment in H2Pro, which focuses on hydrogen production technologies. Additionally, they participated in a $2.15 million seed round for 1s1 Energy, a company dedicated to delivering water electrolysis for renewable hydrogen production, which is sanctioned by the European Commission as part of a significant renewable energy project. They also invested $1.2 million in Clarke Energia, further demonstrating their engagement in the renewable energy sector.


11. BBVA en México

  • Website: bbva.mx
  • Type: Venture Capital
  • Headquarters: Cuauhtemoc, Ciudad De México, Mexico
  • Founded year: 1932
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: bbva-mexico

BBVA México is a prominent financial institution founded in 1932, offering a comprehensive range of banking services such as credit cards, loans, investment products, and insurance. With a strong digital platform, it provides easy access to its offerings for both individual consumers and businesses. Notably, BBVA has engaged in significant transactions within the solar power sector, including a $100 million debt financing deal for Soltec Trackers on October 4, 2018. This investment highlights BBVA's commitment to supporting renewable energy initiatives, particularly in solar technology, while also serving a diverse portfolio of financial needs across various industries.


12. Veronorte

  • Website: veronorte.com
  • Type: Venture Capital
  • Headquarters: Sabanalarga, Antioquia, Colombia
  • Founded year: 2012
  • Headcount: 1-10
  • LinkedIn: veronorte

Veronorte is a venture capital firm based in Sabanalarga, Antioquia, Colombia, founded in 2012. The firm focuses on sustainable development in Latin America, investing in early and growth-stage companies across various sectors, including energy, agriculture, and healthcare. Veronorte aims to drive value and innovation by partnering with investors to help businesses navigate the regional market effectively. Notably, they have participated in significant transactions in the energy sector, such as Stem, Inc., which closed an $80 million Series D financing round, and Innowatts, which completed an $18.2 million Series B funding round. These investments highlight their engagement in energy technology, which is relevant to the solar power industry.



Solar Power Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
bossa investSao Paulo, Sao Paulo, Brazil11-50201156
WegFlorianopolis, Santa Catarina, Brazil10001+19614
EREN do BrasilSao Paulo, Sao Paulo, Brazil1-1020135
BBVA en ArgentinaGeneral Pacheco, Buenos Aires, Argentina5001-1000018867
CanarySao Paulo, Sao Paulo, Brazil11-50201723
KptlSao Paulo, Sao Paulo, Brazil11-5020205
ALIVE VenturesBogota, Bogota, Colombia1-1020173
ChileGlobal VenturesVitacura, Santiago, Chile11-5020080
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
CSN Inova VenturesSao Paulo, Sao Paulo, Brazil11-5020201
BBVA en MéxicoCuauhtemoc, Ciudad De México, Mexico10001+19322
VeronorteSabanalarga, Antioquia, Colombia1-1020120


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