Elecnor has placed BRL325 (US$80.5) million in bonds for its wind farms in Brazil.
The issuance is tied to the wind farms of Ventos do Sul (150 MW), located in the State of Rio Grande do Sul. The complex, composed of three 50 MW wind parks, began operating in 2006 and the financing contracted for their construction had been fully amortized before this issuance of obligations. The funds from this placement will be used for investment in future projects.
The issue was placed in two tranches with different costs.
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