Keep pulling the thread on Mike Silvestrini.
Since its launch in 2020, Energia has grown to manage hundreds of millions of dollars in assets across nearly 200 projects in six countries.
At Energia, direct-to-consumer investments outperformed institutional investments because they were not subject to the same operational restrictions and decision-making delays.
Due to its reliance on hydroelectric power, electricity prices in Colombia can increase by as much as 800% overnight.
Over the past five years, the United States has presented the most political instability, foreign exchange risk, and security-related risks for Energia's operations compared to other countries it operates in.
Energia believes it can finance the electrification of the remaining 280,000 unpowered homes in Colombia for approximately $100 million by providing debt to its partner Helios.
Energia has raised a total of approximately $470 million across its various investment portfolios.
Energia has achieved an average return on investment of 12.03% across all its portfolios since inception.
Energia's Brazil portfolio has delivered an average annual return of 14% in US dollars since its launch.
Energia utilizes U.S. securities law, specifically Regulation A, to allow non-accredited, ordinary people to invest directly in solar projects with minimums as low as $100.
Energia's investment strategy focuses on rural areas in Brazil, South Africa, and Colombia, targeting markets where institutional capital is scarce but solar resources are plentiful.
Energia secured institutional capital through deals with Brookfield, the UK-listed trust Victory Hill, and the Brazil-based private equity firm BTG Pactual.
Colombia's energy grid is heavily dependent on hydroelectric power, making it vulnerable to price shocks and instability from El Niño and El Niña weather cycles.