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Norsk Solar: expands to Brazil

  • Sector: Energy
  • Date: June 4, 2021

  • Company: Norsk Renewables develops and invests in renewable energy in emerging markets.

As part of Norsk Solar’s ambitious expansion, Mr. Mauro Benedetti has been appointed as the Country Manager for Norsk Solar to oversee and lead the company’s operations in Brazil. I am glad and excited to join such an impressive and fast-growing international IPP, says Benedetti. After working in Brazil for many years, I can see the enormous market potential, which is especially true with the competitive edge Norsk Solar has with its unique financing vehicle with FinnFund and its access to the Nordic eco-system, Benedetti concludes.

Mauro Benedetti has a long-standing track record for more than a decade within business development, legal, and project financing in the renewable energy space. He has been also a successful entrepreneur and is familiar with building companies from early beginnings to larger entities. He holds a master’s degree from the Luiss Guido Carli University, and covered senior positions at European Energy, Roncucci & Partners and KPMG, before joining Norsk Solar. Under Mauro’s leadership, Norsk Solar is planning to grow the subsidiary in Brazil with several full-time employees over the next months.

The Brazilian market is significant and well suited for us to expand our activities, says Øyvind Vesderdal, CEO at Norsk Solar. It’s a winning formula when we can provide businesses with clean green energy where they reach their sustainability targets, while saving money from the lower energy costs compared with buying from the grid. This is possible because of our unique Nordic financing vehicle combined with specialized local presence, Vesterdal concludes.