Fundo De Investimento Imobiliario Suno Energias Limpas (SNEL11.SA) operates as a real estate investment fund (FII) managed by Suno Asset that focuses exclusively on clean and renewable energies, particularly through investments in distributed generation photovoltaic plants and related infrastructure assets; it generates recurring income via energy sales contracts while offering capital gain potential from project sales post-development. The fund's core portfolio comprises operational solar clusters across multiple Brazilian states, including projects in partnerships such as San Remo, Amontada 2, Petrolina, Liberdade, and Mundo Melhor, with recent expansions incorporating five new operational solar clusters primarily in the Rio de Janeiro region under contracts with distributors like LIGHT, alongside the full acquisition of NK 312 to consolidate minority stakes in existing assets for enhanced management efficiency. Founded in partnership with the Brazilian Infrastructure Center (CBIE), a specialized consultancy in infrastructure and energy, and headquartered in Brazil with nationwide operations, the fund recently reached 60,000 shareholders as of December 2025, executed its fourth primary issuance targeting up to R$637.9 million to scale capacity from 62 MWp across 15 projects to 201 MWp across 37 projects, and completed strategic acquisitions totaling R$123.4 million in April 2025 yielding a projected real internal rate of return of 15.3%.