Finep, Petrobras and BNDESPAR agree $96.5M energy transition fund
In Brazil, Finep, Petrobras and BNDESPAR signed a new stage in the structuring of the Investment Fund in Holdings (FIP) focused on Energy Transition and Decarbonization. With the process of setting up the fund in advanced stage and once the regulation is approved by the internal bodies of each quota holder, the Fund initiates the identification and evaluation of investment opportunities.
With a target capital of up to R$ 500 million, the fund integrates a strategy coordinated by the three institutions to expand the financing to innovative technologies aimed at the energy transition and the decarbonization of the economy. The initiative represents a breakthrough in the structuring of financial instruments aimed at climate innovation in the country, by connecting capital to boost the scale of technological solutions in crucial theme to the future of the planet.
In line with the investment policy of the FIP, startups, micro, small and medium-sized technology-based companies aligned to the investment thesis will be able to present solutions to the Valetec manager, selected through Public Call to structure and manage the Fund. The focus will be companies with a validated Minimum Viable Product (MVP) and growth potential, working in areas such as:
· Renewable energy
Biofuels, e-fuels, low-carbon hydrogen and derivatives
Carbon capture, use and storage
Energy storage and electromobility
Solutions for decarbonization of operations
For Finep, this FIP is part of the resumption of indirect investments in companies, through Investment Funds in Holdings, an instrument that complements the operation of the Funder, which also provides credit lines, subsidy to companies and covenants to ICTs, to foster the National Innovation System.
Category: Fuels
