Total Eren has achieved financial close for its 90 MW Dracena solar project located in the municipality of Dracena, Sao Paulo state in Brazil.
The Dracena solar project is composed of three plants of 30 MWp each, secured by Total Eren from 2014 tender held by Aneel, started its operation in August of 2019. The project has also a 20-year PPA contract with the Brazilian Energy Trade Chamber (CCEE)
The Dracena solar project has a total investment of BRL350 million (US$75.04 million). The BRL280 million (USD$60.03 million) of financing is from the issuance of infrastructure debentures maturing in over 17 years.
The debentures were purchased by Kinea Investimentos in a deal coordinated by BNP Brasil and XP Investimentos.
Country updates
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March 09, 2020
Brazil allows Enel's 215 MW solar projects to enter REIDI programme
Brazil has allowed the entry of Enel Green Power's 215 MW solar PV projects in the National Infrastructure Development Incentive Scheme (REIDI). The UFV Sao Goncalo 14, 15, 17, 19 and 10 solar facili...
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March 06, 2020
Votorantim Energia, CCPIB to launch BRL2bn 411.6 MW wind complex in Brazil
The joint venture of the Canada Pension Plan Investment Board (CPPIB) and Brazil's Votorantim Energia is set to invest a total of BRL2 billion (US$440.87 million) for the construction of two wind...
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March 04, 2020
Voltalia signs PPA for Solar Serra do Mel (SSM) 1 and 2 project in Rio Grande do Norte
Voltalia has signed a power sale contract with Braskem, Brazilian producers of thermoplastic resin. This client, as well as other long-term clients previously secured, will be supplied by Voltalia&rsq...
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March 02, 2020
Brazil approves the commercial operations of 145.7 MW solar plants
Enel Green Power SpA has received approval from Aneel to the launch of commercial operations at 145.68 MW of solar plants in Sao Goncalo do Gurguei city, Piaui, Brazil. The 45.68 MW UFV S...
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February 26, 2020
CADE approves sale of 50 MW Assurua III Wind Complex to Omega Geracao
The Administrative Council for Economic Defense (CADE) has approved the acquisition of the 50 MW Assurua III Wind Complex by Omega Geracao from Fundo de Investimentos em Participacoes em Infraest...
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