Spanish renewables company Iberdrola SA unit, Neoenergia SA, has secured a BRL715 million (US$133.30 million) loan for the development of the 566.5 MW Oitis Wind Complex in the states of Piaui and Bahia in Brazil.
The loan program will mature in 24 years with a grace period of three years. Neoenergia has also secured loans from the Brazilian Development Bank (BNDES) and the European Investment Bank (EIB) to fund the project.
The facility is expected to be fully operational by 2023.
Country updates
-
-
August 31, 2020
Vales installs 10 MWh battery energy storage system (BESS) at Ilha Guaíba terminal
Vale is installing at Ilha Guaíba terminal (TIG), in Rio de Janeiro, one of Brazil's largest battery energy storage systems to supply electrical demand. The BESS (Battery Energy Storage System...
Read more -
August 28, 2020
Nordex to deliver turbines for wind farm in Rio Grande do Norte
Nordex Group received an order for eight AW132/3465 turbines from its Brazilian customer TODA Energia do Brasil for a 27.7 MW wind farm. The construction is scheduled to start in March 2021. The infr...
Read more -
August 28, 2020
Voltalia divests 28 MW wind project in Rio Grande do Norte to TODA Corp
Voltalia has announced the sale to Japanese construction firm TODA of a ready-to-build wind project (28 megawatts) located in Voltalia’s Serra Branca cluster, in Brazil. Serra Branca cluster, t...
Read more -
August 27, 2020
Omega Geracao enters deal for Ventos da Bahia wind complex sale
Brazilian energy company Omega Geracao SA has entered into an agreement with the EDF Renewables for the sale of a 50% stakes in the Ventos da Bahia 1 and 2 wind complexes in Brazil. T...
Read more -
August 12, 2020
Eletrobras sells stakes in one of the largest wind complexes in Brazil
Brazilian energy company Eletrobras has approved the sale of its stakes in the Chuí Complex, located in Rio Grande do Sul, one of the largest wind complexes in Brazil, which has a total capacit...
Read more
