Global Infrastructure SherpaSolmais to supply Luxpower and Must hybrid/off-grid inverters, Luxpower and Moura lithium batteries, and Sungrow BESS systems
Solmais secured an estimated $75 million multi-year distribution agreement for Luxpower, Must, Moura, and Sungrow energy storage and inverter products. This positions Solmais to capture significant growth in Brazil.
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Counterparts (5)
supplier
Luxpower
Luxpower is a Shenzhen-based manufacturer and global supplier of solar inverters and battery energy storage systems, offering a comprehensive range of hybrid inverters and ESS solutions for residential, commercial, and industrial applications across various international markets.
Sungrow
Sungrow Power Supply Co., Ltd. specializes in research, development, production, sales and service of power supply devices for renewable energy, mainly solar energy, wind energy, and energy storage. The company provides inverters and complete system solutions for utility-scale solar plants, commercial & industrial solar projects, and residential applications.
Moura
Brazilian battery manufacturer, part of Grupo Moura, specializing in automotive, industrial, and energy storage systems. With over 6,000 employees, it is a leading supplier of battery solutions in Latin America, including grid-scale energy storage systems.
Solmais
Must
Madrid-based independent infrastructure fund manager, founded in 2021, with €250M AUM, focusing on mid-market equity investments in energy transition, digital, transport, social infrastructure, and utilities, primarily in Europe.
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Solmais is making a calculated move into energy storage in Brazil, aiming to stand out in a consolidating solar market. The company is diversifying its portfolio with hybrid/off-grid inverters from Luxpower and Must, alongside lithium batteries from Luxpower and Moura. Crucially, they're also adding BESS systems from Sungrow, a known specialist in renewable energy power supply devices. This strategic expansion directly addresses Brazil's growing demand for energy security, pushing Solmais beyond traditional solar PV offerings.
- Solmais expands into energy storage, targeting market differentiation in Brazil.
- Supply agreements cover inverters (Luxpower, Must), batteries (Luxpower, Moura), and BESS (Sungrow).
- Sungrow, a specialist in renewable energy power supply, joins as a BESS supplier.
- Deal announced March 12, 2026, with value undisclosed.
Timeline
Announced
Mar 12, 2026
Signed
Closed
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