Astris Finance has announced the closing of the financings in connection with Terra Santa and Maral wind projects, consisting in the raising of a BRL423m (US$78.8 million) financing for a 159.7 MW greenfield wind portfolio located in Rio Grande do Norte, northeast Brazil.
As financial advisor, Astris assisted Total Eren with a crafted project financing structure with Banco do Nordeste do Brasil (BNB), which was the sole lender of this transaction. As guarantee to BNB a limited/non-recourse letter of credit for the benefit of lender was provided by a syndicate of three commercial banks active in Brazil.
Country updates
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December 11, 2020
Canadian Solar signs PPA for 862 MWp of Brazilian solar projects
Canadian Solar Inc. has signed a power purchase agreement (PPA) with BTG Pactual and that it was awarded with two projects in a private auction by Furnas Centrais Elétricas for a total of 862 M...
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December 08, 2020
Total Eren achieves financial close for Terra Santa and Maral wind projects
Total Eren has achieved financial close of its 160 MW solar photovoltaic portfolio currently under development in the State of Rio Grande do Norte in Brazil. Total Eren has secured a BRL423 mil...
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December 03, 2020
SPIC closes takeover of Zuma Energia in Mexico
China’s State Power Investment Corporation (SPIC) has completed the acquisition of Mexico's largest independent power producer Zuma Energia through its unit, China Power International...
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November 26, 2020
CGN Brasil Energia signs PPA deal with Bolt Energy for 195 MW Lagoa do Barro wind complex
Bolt Energy has closed a long-term contract with CGN Brasil Energia e Participações, an arm of China General Nuclear Power Group (CGN) for the 15 MW power supply of renewable energy for...
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November 25, 2020
Canadian Solar signs PPA for a total of 862 MW solar projects in Brazil
Canadian Solar Inc. has signed a power purchase agreement (PPA) with BTG Pactual and it was awarded two projects in a private auction by Furnas Centrais Elétricas for a total of 862 MWp in sola...
Read more
