The Brazilian Development Bank (BNDES) has extended the 30-day deadline it has set for the BRL988 million (US$262.15 million) loan granted to Renova Energia SA for the development of its 743 MW Alto Sertao III wind complex.
The loan is originally set to mature on July 15, 2019, but now extended to August 15. The bank expressed concerns about the loan due to uncertainties surrounding the planned sale process of the project and its existing PPA contracts.
The project is composed of 438 MW Phase A and the 305 MW Phase B. The project was supposed to be completed in 2015 but Phase A has been put on0hold at 87% completion since 2016.
Country updates
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July 11, 2019
Vestas secures turbine order for 197 MW Folha Larga II wind project in Brazil
Vestas has received a 197 MW order for the Folha Larga II wind park, which will be located in the municipality of Campo Formoso in the state of Bahia, Brazil. The order, placed by long-term customer E...
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July 08, 2019
Lightsource BP acquires 1.9 GW of solar projects in Brazil
Lightsource BP, a global leader in the funding, development and long-term operation of solar projects has announced the acquisition of world-class capabilities and approximately 2 GW of greenfield sol...
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July 08, 2019
Voltalia enters agreement with STOA for the sale of minority stakes in VSM 1 and VSM 2 wind farms
Renewable energy developer, Voltalia, has entered into an agreement with an investment fund, STOA, for the sale of the minority stakes in two wind farms in Brazil. STOA will acquire 35% stake i...
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July 05, 2019
Soltec to supply and install bifacial trackers in 475 MW Sao Goncalo solar PV project in Brazil
Soltec, a manufacturer and supplier of single-axis solar trackers in Brazil, is supplying and installing its Soltec SF7 bifacial trackers at a 475 MW project that the Enel Group’s renewable comp...
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July 05, 2019
Voltalia secures PPAs for 70 MW Vila Alagoas wind project in Brazil
Voltalia has announced that it has won long-term contracts for a new 70 MW wind project in Brazil. Located in company’s Serra Branca cluster, the new Vila Alagoas project will benefit from a 63...
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