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Irapuru Solar Complex (422MW)

Sector: Solar • Location: Brazil

Source: World Bank Group

Project
Active

"This project involves the construction of the Irapuru Solar Complex, situated in Janauba, Minas Gerais state, Brazil. The planned generated capacity of the Irapuru Solar Complex will be 422 MWp. The sponsor for this initiative is Irapuru Holding. Once operational and combined with Janauba, the entire renewable asset will have the capacity to supply energy to 1.9 million local households. The tota

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The project “Irapuru Solar Complex (422MW)” is an infrastructure initiative in the Solar sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

"This project involves the construction of the Irapuru Solar Complex, situated in Janauba, Minas Gerais state, Brazil. The planned generated capacity of the Irapuru Solar Complex will be 422 MWp. The sponsor for this initiative is Irapuru Holding. Once operational and combined with Janauba, the entire renewable asset will have the capacity to supply energy to 1.9 million local households. The total project cost is $220m ($1.2bn), of which 50% or $110m (R$600m – R$400 million from the National Climate Fund and R$200 million via Finem) will be provided with a loan from the Brazilian Development Bank (BNDES). The sponsor has also secured $60.86m (R$340m) through a bond issuance arranged by Bradesco. The financial close date is October 2nd, 2024. " https://list.solar/news/bndes-finances/ ; https://renewablesnow.com/news/bndes-backs-422-mwp-solar-project-in-brazil-870413/ ; https://www.globaltradealert.org/state-act/89034/brazil-bndes-and-irapuru-holding-sa-sign-loan-to-expand-a-solar-energy-complex-in-minas-gerais ; https://taiyangnews.info/business/bndes-brl-600-million-financing-irapuru-solar-complex-brazil ; https://x.realfin.com/transaction/268880/brookfields-irapuru-solar-complex-note-2024

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