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Wall Street Journal: Faro Energy Raises $60 Million for Solar-Energy Bets in Brazil

A unit of Durham, N.C.-based Modern Energy, Faro has closed its new fund after adding $30 million to commitments made since 2019

The Wall Street Journal covered the news that Faro Energy Group, the Brazilian unit of Modern Energy Group LLC, has closed on $60 million for a fund that backs distributed solar-power projects in Brazil, wrapping up the vehicle after recently raising $30 million to add to capital commitments made since 2019. The article quotes Faro Energy CEO Pedro Mateus. Read the WSJ piece here (sub. req.).