Magalu and Solarprime Consortium close agreement to finance PV systems

Letters of credit offered by the Magazine Luiza Group company range from R$5 thousand to R$260 thousand
Magalu and Solarprime Consortium close agreement to finance PV systems
Photo: Youtube/Solarprime

O Magalu Consortium, one of the companies of the Magazine Luiza Group, launched a exclusive line of credit for the acquisition of photovoltaic systems, which will be offered to Brazilian consumers through franchisees of solarprime

As credit letters offered by the Magalu Consortium range from R$5 thousand to R$260 thousand, being able to meet the demands of both residential customers and industrial and rural customers.

The agreement reached between the companies aims to facilitate more people's access to solar energy and at the same time boost the growth of both brands in the national market.

In the first half of this year alone, the Magalu Consortium recorded an increase of approximately 130% in revenue from plans to purchase solar s compared to the same period in 2022.

By 2025, the company estimates that this number should grow more than five times, due to demand and the ease of credit with the formation of a consortium.

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Solarprime, in turn, observed that 34% of sales of solar energy systems occur through credit lines, highlighting the growing demand for this solution.

“With this partnership, our objective is to democratize access to solar energy, contributing to a more sustainable and economically efficient Brazil”, emphasizes Mário Campo Grande, CEO of Solarprime.

Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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