Brazil’s Unicoba is seeing rapid growth in its sales of energy storage systems, with revenues rising by more than 20% year-on-year. To help the firms support this growth, last year it raised 125mn reais (US$24mn) in green debentures and another 70mn reais through a green receivables investment fund (FIDC) coordinated by Banco Fator. More recently, Unicoba announced a partnership with distributor Amazonas Energia to deliver solar generation systems with batteries for the federal program Mais Luz para a Amazônia (More Light for the Amazon). Unicoba’s CEO, George Fernandes, tells BNamericas about the company’s business outlook. BNamericas: How will the green debentures and the funds obtained from Banco Fator be used? Fernandes: We’re reorganizing our cash flow. We made investments in our Manaus plant [in Amazonas state] and we’re replacing them with these…
Powering up: How Brazil’s Unicoba is growing sales of energy storage systems
