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Maral wind complex

Sector: Cable car • Location: Brazil

Source: World Bank Group

Project
Active

The project involves the construction of the 39.05MW Maral II wind farm and the 28.4MW Maral I wind farm, located in the Rio Grande do Norte, Brazil.

The sponsor - Total Eren, arranged a 22-year $$34.18 million loan from Banco do Nordeste. The debt package also includes a $20.66 million green bond facility and a limited non-recourse letter of credit with an undisclosed value from by Banco do Bras

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Project Information

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The project “Maral wind complex” is an infrastructure initiative in the Cable car sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the construction of the 39.05MW Maral II wind farm and the 28.4MW Maral I wind farm, located in the Rio Grande do Norte, Brazil. The sponsor - Total Eren, arranged a 22-year $$34.18 million loan from Banco do Nordeste. The debt package also includes a $20.66 million green bond facility and a limited non-recourse letter of credit with an undisclosed value from by Banco do Brasil, Banco Santander and SMBC. The BOO project holds 20-year PPA and is expected to commence operations mid-2021. Financial close was announced in November 2020. https://ijglobal.com/data/transaction/51564/maral-wind-portfolio-675mw https://www.total-eren.com/wp-content/uploads/2020/11/PR-Total-Eren-FC-Terra-Santa-Maral_EN_FINAL.pdf

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High

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