Sol Agora

Sol Agora operates as a fintech arm of the Canadian asset manager Brookfield, specializing in financial solutions for the renewable energy sector in Brazil. Founded in 2022, the company aims to democratize the adoption of solar energy by providing accessible financing for the acquisition and installation of photovoltaic systems. It is positioned within the Descarbonize Soluções ecosystem, which also includes Aldo Solar, a major equipment distributor, to serve the market from end to end. The CEO of the company is Nuno Verças.

The firm's business model is centered on offering credit to facilitate the installation of solar panels for residential consumers as well as small and medium-sized enterprises. Sol Agora does not function as a traditional financial institution but as a banking correspondent, originating loans that are then securitized and sold to investors through Credit Rights Investment Funds (FIDCs). This structure allows the company to raise substantial capital; it has successfully launched multiple FIDC funds, attracting significant investment from institutional players like Itaú, BR Partners, BNP, the IFC, and an unnamed international bank that anchored its third fund. Revenue is generated from the financing operations, and the company has recently projected an increase in gross revenue through the introduction of new products like credit insurance.

The primary service offered is a fully digital financing platform that simplifies the credit acquisition process for both end-customers and a network of partner integrators and distributors. Clients can simulate and contract financing with terms of up to 84 months and a grace period of up to 150 days before the first payment. A key benefit is the potential for customers to save up to 95% on their electricity bills. Recently, Sol Agora introduced a credit insurance product in partnership with Tokio Marine to mitigate default risks and increase credit approval rates, offering coverage for events like unemployment, disability, or death. The company reports receiving around R$1.5 billion in monthly credit requests, approving a fraction of that to maintain a healthy portfolio.

Since its inception, Sol Agora has demonstrated significant growth, financing over R$1.8 billion for more than 43,000 clients across Brazil. The firm reported a 42% increase in revenue in the first half of 2025 compared to the previous year and grew its customer base by 34% in the same period. Key milestones include securing R$800 million for its third FIDC in late 2024 to finance an additional 40,000 solar projects and a R$900 million fundraise in 2024. The company operates in a competitive landscape against banks like Santander and BTG Pactual, which also have dedicated solar energy credit lines.

Keywords: solar financing, fintech, renewable energy credit, Brazil solar market, asset-backed securities, Credit Rights Investment Fund (FIDC), photovoltaic system finance, Brookfield, Descarbonize Soluções, residential solar loans, SME solar financing, digital lending platform, green finance, energy transition, Nuno Verças, sustainable investment, credit insurance for solar, solar project funding, Brazilian fintech, energy tech