Juazeiro solar PV complex expansion

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The project involves the expansion of the Juazeiro solar project, in the Brazilian state of Bahia, owned by Atlas. The location is adjacent to an existing and operating project called Juazeiro, also from Atlas, with a total installed capacity of 155MW. The $140.7 million project is funded by IDB Invest and DNB Bank through a $67.2 million-equivalent loan. The debt was split as follows: $24.4 million – DNB $27.8 million – IDB Invest $7.5 million – Canadian Climate Fund for Private Sector in the Americas Phase II $7.5 million – Clean Technology Fund The plant has been developed through four special purpose vehicles named Juazeiro V through VIII and will produce 440GWh/year, enough to meet the energy demand of a city of 750,000 inhabitants, and will contribute to reducing the equivalent of 35,000 tons of CO2 per year. Financial close was achieved in October 2020. https://ijglobal.com/data/transaction/49909/juazeiro-solar-pv-portfolio-187mw https://www.idbinvest.org/en/news-media/idb-invest-reinforces-growth-solar-energy-brazil-financing-four-photovoltaic-plants