We exist to accelerate Latin America's energy transition by making distributed renewable assets financeable — aggregating them into portfolios institutional capital can underwrite, and in time securitise.
In practice: we finance behind-the-meter battery storage across the region, lending against the contracts those batteries serve, not against the companies that install them.
Behind-the-meter storage in Latin America is being built by small, capable companies holding long, contracted cash flows — and funding hardware with equity, because nothing else is available at their size.
Infrastructure and private credit funds, writing tickets measured in tens of millions, underwriting one large asset at a time.
Operators with signed contracts and real installations, needing single-digit millions to grow — too small for one, too large to self-fund.
That interval is where we work. We fund the operator's installed, contracted assets so that by the time the infrastructure conversation becomes real, there is a portfolio worth underwriting — and we are repaid out of it.
Commercial and industrial battery systems sitting behind a customer's meter, under a signed supply or service contract, generating metered savings from day one.
Systems that are commissioned, metered and already collecting from a paying customer. We underwrite performance that has happened, not performance that is forecast.
A fixed, contractual obligation from a creditworthy commercial counterparty — not exposure to a spot market or a share of a number that moves.
For operators with signed customer commitments, the stretch between ordering equipment and energising it on site — the point at which growth is most often capital-constrained.
Renewables already supply around 60% of Latin America's power — more than twice the global average. That makes the region's grids cheap at midday and expensive at dusk, which is precisely the condition storage exists to arbitrage. The capital to build that storage has not followed at the same speed, and where it has, it has pooled in a few large markets.
The same report naming those flows lists what holds private capital back: high cost of capital, fragmented regulation, and weak project aggregation — too few assets packaged into something an institution can underwrite. That last one is not a market condition. It is a job, and it is ours.
We start in Chile. It has the widest daily power-price spread in the region — system prices near zero at midday against an evening peak met by gas and diesel — a capacity charge that dominates commercial bills, and a mature unregulated-customer market where the savings are already visible in metered data. What works there travels: the same contract structure, the same underwriting, a different grid code.
Distributed energy has a long record of good assets inside fragile companies. Every rule below exists because someone, somewhere, learned it expensively.
We finance a payment obligation from an end customer, assigned into a ring-fenced vehicle, with the hardware pledged alongside it.
The operator funds a meaningful share of every asset and takes the first loss. Alignment is structural, not contractual goodwill.
A named replacement operator and escrowed dispatch software, agreed at closing — so the assets keep running and billing if the originator cannot.
Customer payments land in a controlled account and follow a defined waterfall. Our position does not depend on anyone's solvency to be swept.
We do not borrow against the thinnest cash in the structure to fund our own growth. That mechanism has ended more lenders in this sector than credit losses have.
We underwrite savings that survive a change of policy, and size the facility to be repaid well inside the asset's contracted life.
We met at Latam Trade Capital, financing receivables across the Andean markets. What differs is which end of this asset we see first: the physics or the capital.
Engineer, Pontificia Universidad Católica de Chile, with a career split between energy and fintech credit. Factoring and receivables finance at Xepelin, Fivana and Latam Trade Capital — origination, underwriting, and the data systems that price and monitor a book. Reads the asset from the engineering side: how a battery behaves on a site, what the grid actually pays for, and which revenue survives a change of tariff. Based in Santiago, close to the operators and the regulation that shapes their revenue.
Four years in institutional and ultra-high-net-worth asset management at Wells Fargo in Boston — asset allocation and portfolio management — then specialty finance across Latin America: CMO at AXCES Capital in Medellín, and private equity for Latam Trade Capital across Chile, Peru and Colombia. Founder of Kalcura, a private investment vehicle. Based in the United States, where the capital for this asset class sits.
We are early, selective, and more interested in a specific situation than a general introduction. Tell us what you are building or what you are looking for.
contacto@latamgreencapital.com