360 Energy Solar raises $46.5M in debentures to power Stellantis solar plants
What's the deal? 360 Energy SolarDealroom has a profile for this one. Try Dealroom → has raised US$65.2M (around $46.5 million) through its second issuance of simple, non-convertible secured debentures. Banco Santander (Brasil) acted as lead coordinator, with the issuance fully placed under a firm commitment regime among 26 investment funds.
What's the endgame? Proceeds will fund three solar photovoltaic plants in Goiana, Betim, and Porto Real, totalling roughly 87MW of installed capacity. The plants, developed under a self-production regime, will supply StellantisDealroom has a profile for this one. Try Dealroom → industrial units on a behind-the-meter basis, backing the automaker's decarbonisation of its Brazilian operations.
Why the structure matters? The debentures qualify as incentivised infrastructure debentures under Brazilian Law No. 12,431/2011 and were rated brAAA by Standard & Poor's Ratings do Brasil. That gives 360 Energy long-term, tax-incentivised funding tied to a single industrial consumer.
Why now? The raise marks a step-up from the company's previous round and comes as the deal clears with top-tier backing. The 255,000 debentures carried a unit face value of 1,000 reais and were distributed via public offering aimed at professional investors.
The signal: The deal fits a broader wave of Argentine renewable-energy financing, from MSU Green EnergyDealroom has a profile for this one. Try Dealroom →'s US$400 million green-bond issue to GenneiaDealroom has a profile for this one. Try Dealroom →'s US$70 million local sale for battery storage. For 360 Energy, it shows investors are still backing energy-transition assets — and that incentivised infrastructure debentures can finance self-production solar dedicated to one industrial buyer.
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