en.Wedoany.com Reported - GCB has arranged a R$13.1 million credit operation for GridCo, a company engaged in the development, construction, operation, and maintenance (O&M) of solar power plants.

The funds will be used to strengthen the company's operational structure, covering working capital, technology, equipment, and team expansion. According to GridCo, the company currently holds R$58.7 million in active receivables contracts, of which R$58.3 million are related to the operation and maintenance of solar assets.

This financing comes during a period of rapid expansion in Brazil's solar power generation. Data from the Brazilian Photovoltaic Solar Energy Association (Absolar), based on figures from the National Electric Energy Agency (Aneel), shows that Brazil's photovoltaic power generation installed capacity has surpassed 64 GW. As installed capacity grows, the demand for specialized services in plant maintenance and operational efficiency is also rising.

Victor Moura, Director of Debt Capital Markets (DCM) at GCB Investimentos, believes there is still room for capital market access in the "backstage" but crucial segments of the power industry. "Generation, transmission, and distribution are the most visible parts of the energy sector, but there is a range of companies providing essential services to ensure these infrastructures operate properly. GridCo serves solar park operators and contributes to the efficiency of these assets," he stated.

The operation was executed in accordance with Brazilian Securities and Exchange Commission (CVM) Resolution No. 88, which regulates participatory investment offerings on electronic platforms. During the pre-reservation phase, the expected monthly yield was 1.7%, subsequently reduced to 1.6% depending on the offering.

Founded in 2009, GCB specializes in private credit and has reportedly issued over R$3 billion in credit, with approximately R$2.5 billion in assets under custody.

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