Renova Energia SA secures debtor-in-possession (DIP) loan of BRL362.5 million (US$63.7 million) to complete the development of the 400 MW Phase A of the Alto Sertao wind farm complex in Bahia.
The credit note structured by the Brazilian independent resource manager Quadra Gestao de Recursos Ltda.
The transaction is part of the judicial recovery of the Renova.
Country updates
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March 22, 2021
AES Brasil signs 80 MW power purchase deal with Ferbas for Cajuína complex
The Brazilian unit of AES Corporation, AES Brasil, has signed an 80 MW 20-year power purchase agreement (PPA) with Companhia de Ferro Ligas da Bahia (Ferbasa) for the Cajuína wind com...
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March 22, 2021
EDP Energias do Brasil completes acquisition of 40% stake in Blue Sol Participacoes
EDP Energias do Brasil SA, a unit of EDP, has completed the acquisition of a 40% stake in Blue Sol Participacoes SA for a total consideration of BRL20 million (US$3.5 million). Blue Sol Pa...
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March 18, 2021
Petrobras signs contract with FIP Pirineus for the sale of Mangue Seco 2
Petrobras has signed an agreement with the Investment Fund in Multiestrategia Pirineus Participations (FIP Pirineus) for the sale of its entire 51% stake in the share capital of the company Eól...
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March 17, 2021
WEG to provide turbines and O&M service for 138.6 MW Anemus wind complex in Rio Grande do Norte
2W Energia, the developer of 138.6 MW Anemus wind complex, has signed a contract with electrical equipment manufacturer WEG SA to deliver 33units of AGW 147/4.2 MW turbines for the wind proj...
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March 16, 2021
Enegix Energy signs MoU with Ceara state for US$5.4bn hydrogen facility development
Enegix Energy Pte Ltd has unveiled the Base One green hydrogen project in cooperation with the State Government of Ceará, an investment of US$5.4 billion. Under the terms of the MoU signed on...
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