Thopen raises R$ 293 million with XP and Kinea to fast-track its clean energy portfolio in Brazil

Thopen, Brazil’s largest integrated platform for power generation and energy management in the free market, has secured R$ 293 million via non-convertible infrastructure debentures—R$ 200 million with XP Investimentos and R$ 93 million with Kinea. Funds will finance 32 solar power assets across multiple Brazilian states.

Thopen raises R$ 293 million with XP and Kinea to fast-track its clean energy portfolio in Brazil

• XP investment: 21 projects in Goiás, Bahia, Rio Grande do Norte, Mato Grosso do Sul, and Pernambuco — over 80% expected online in 2025, totaling 58.1 MWp.

• Kinea funding: 11 projects in Paraná, São Paulo, Maranhão, Bahia, and Goiás — totalling 30.5 MWp.

• Total capex for these assets: R$ 127.5 million.

  
  

In April, Thopen had already secured R$ 90 million from Kinea for projects in Mato Grosso, MS, SP, ES, PR, and CE.

“This new funding cycle accelerates our commitment to Brazil’s energy transition. We’re building a portfolio that democratizes clean energy access, lowers costs, and positions Thopen as a leader in the free energy market,” says Gustavo Ribeiro, CEO of Thopen and Pontal Energy.

🔹 Since early 2025, the company has deployed over R$ 1.7 billion in investments, covering its innovative platform and acquisitions. It also partnered with telecom giant TIM to cut electricity bills and now manages over 250,000 consumer units, targeting 1 million by 2027 and R$ 2.3 billion INVESTED by then.

🔹 Installed capacity: 608 MW centralized; greenfield portfolio >1 GW; 240 MWp in operational distributed generation, expanding to 500 MWp. The goal is 800 MWp in distributed generation by end-2026.

Thopen raises R$ 293 million with XP and Kinea to fast-track its clean energy portfolio in Brazil