Brazil's Eneva gets loan for 870-MWp solar complex
- Brazilian natural gas and also power company Eneva SA (B3: ENEV3) has protected a loan to fund the growth as well as construction of the 870-MWp Futura 1 solar photovoltaic (PV) project.
Under the regards to the deal, neighborhood lending institution Banco do Nordeste do Brasil SA (BVMF: BNBR3), likewise referred to as BNB, will disburse BRL 300 million (USD 58.3 m/EUR 56.9 m) via its FNE line of credit to SPE Futura 4 Geracao e Comercializacao de Energia Solar, Eneva stated last week.
Located in Bahia state, Futura 1 is scheduled to enter commercial operations in the 4th quarter of 2022.
BNB's loan has a regard to 24 years with an 18-month grace period for interest as well as principal, at a price of the National Consumer Price Index (IPCA) plus 3.49% per annum considering the contractual compliance bonus.
The firm noted that the latest agreement enhances the BRL-450-million loan signed with BNB in 2021 likewise for the financing of Futura 1.
Also read
- BW ESS Secures Debt for 1,424-MWh Hams Hall Battery in England
- Enel Colombia Completes 985-MWdc Solar Complex as Atlántico Starts Up
- Google Expands Voltus Deal to 1-GW Virtual Power Plant in PJM
- Cosin Solar Tops Out Two 199-Meter Towers at 350-MW Golmud CSP Plant
- Tesla Deploys 13.7 GWh of Storage in Q3 as Energy Revenue Falls 16%