Energea always has a lot in the works from acquisitions of existing projects, to development of new ones, to energy based loans, and launching of entirely new portfolios. With each having their own timeline, which can change due to schedule delays, offers being negotiated further, waiting on third-party approvals, etc, we’ll use a monthly post to stay organized and as current as we can.

Brazil

Acquisitions:

Purchase of 13 MW of projects (# unknown). The company recently signed a non binding offer for approximately 13 MW of fully subscribed solar projects in Minas Gerais. Our objective is to acquire these assets in the first half of the year while completing subscription of the existing operating portfolio by June 30. (January 2026 Performance Report)

Development:

10 more Micros Projects (2025 Q4 Webinar Mike)

Delays:

Divinopolis III interconnection to be fixed February 20, 2026 (Brazil November 2025 Performance Report)

Thoughts:

Pause new contributions until 1 month of no theft incidents.

Africa

Acquisitions:

Hooray Project Acquisition #2. We are currently conducting due diligence on our second acquisition from Hooray Power. (January 2026 Performance Report)

Development:

Eastern Cape Battery Project. Meanwhile, progress continued on a battery storage project in the Eastern Cape (January 2026 Performance Report)

Loans:

We anticipate that HGR will request a sizable draw in February to fund an Eskom security bond required for interconnection at Bonsmara. Extending additional credit to this borrower is expected to increase the annualized dividend yield in the coming months. (January 2026 Performance Report)

HGR remains current with loan repayments (2025 Q4 Webinar)

Thoughts:

Pause new contributions and wait for more information.

USA

Acquisitions:

Purchase of 18 MW of projects; 7 MW, 8 MW, 3 MW. We have submitted offers to acquire three new projects, including 7 MW operational, 8 MW operational, and 3 MW in development. If these offers are accepted, we expect to announce the acquisitions in February. (2026 January Performance Report)

Development:

Iron Spur Texas 100+ MW in planning stage. Progress continues on the Iron Spur project as we develop a plan to safe harbor the project, which will preserve its eligibility for the 30% tax credit through 2030 (2026 January Performance Report)

Thoughts:

Theft incidents seem to be resolved. Continue new contributions each week.

LATAM

Launch:

Waiting on SEC approval any day (2025 Q4 Webinar)

Thoughts:

Start new contributions on release.