Energea, a global renewable energy developer and operator, has launched its LATAM Energy Portfolio, committing $100 million to distributed solar projects across South America, Central America, and the Caribbean, beginning with a secured credit facility in Colombia.
The portfolio debuts with a $100 million secured credit facility with Helios Energía S.A.S. E.S.P., a regulated Colombian public utility that delivers off-grid solar power to rural and indigenous communities. The investment targets Colombia’s Zonas No Interconectadas, where traditional grid extension is not economically viable, and aims to expand first-time access to reliable electricity beyond the national grid.
As of May 2025, Helios manages more than 20,000 active, government-subsidized subscribers across nine departments, providing electricity access in regions historically underserved by centralized infrastructure. The transaction is structured to provide secured exposure to regulated, government-backed cash flows under Colombia’s SISFV framework.
According to Energea, the facility incorporates fixed interest rates with monthly amortization, equity pledges, registered liens over receivables, and a fiduciary trust structure that centralizes collections and enforces senior repayment priority. The Helios facility also includes a minimum 1.4x cash-based debt service coverage ratio covenant tested on actual inflows, designed to provide institutional-grade downside protection while supporting subscriber growth and working capital stabilization. Under Colombia’s regulated framework, qualifying systems receive fixed reimbursements for operating and capital expenditures over defined recovery periods.
The LATAM Energy Portfolio marks Energea’s fourth active investment strategy, joining its existing strategies in Brazil, Africa, and the United States. The company said the expansion reflects its continued focus on markets where electricity prices are elevated, local borrowing costs are high, and access to long-term infrastructure capital remains constrained.
The strategy is structured as a multi-country mandate designed to diversify across jurisdictions, counterparties, and transaction types while maintaining a focus on distributed generation. Energea may acquire direct ownership interests in distributed energy projects, provide secured credit facilities to qualified operators, and structure transactions supported by long-term contracts and creditworthy counterparties.
Founded in 2020, Energea is a U.S.-based energy infrastructure investment platform providing access to contracted, cash-flowing assets across global markets. The company says it has raised over $450 million to date and generated a 12% realized IRR for investors, serving individual investors, financial advisors, and institutional partners seeking exposure to real asset-backed energy transition investments.
KEY QUOTES
“The LATAM Energy Portfolio represents one of the most compelling risk-adjusted opportunities in the global energy transition today. Latin America combines growing electricity demand with limited financing options and elevated capital costs, creating attractive conditions for yield-oriented investors. This portfolio fills a critical financing gap while generating revenue through contracted energy sales and amortizing loan repayments, emphasizing durability, collateral protection, and covenant discipline.”
Mike Silvestrini, Co-Founder And Managing Partner At Energea
“Latin America is a natural region for expansion for Energea given our successful track record investing in emerging markets. We’re particularly excited about the structured nature of this investment, which provides secured exposure to government-backed cash flows within Colombia’s regulated SISFV framework. The transaction structure secured exposure to regulated, government-backed infrastructure cash flows, incorporating fixed interest rates with monthly amortization, equity pledges, registered liens over receivables, and a fiduciary trust structure that centralizes collections and enforces senior repayment priority.”
Mike Silvestrini, Co-Founder And Managing Partner At Energea
“While significant institutional capital has focused on Asia and Europe, we believe the Americas remain comparatively underallocated relative to opportunity. As energy demand expands and electricity prices adjust accordingly, project economics strengthen. Our objective is to participate in that growth through structured investments designed to balance yield, impact, and capital protection.”
Mike Silvestrini, Co-Founder And Managing Partner At Energea
