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Novo Horizonte Wind Complex

Sector: Solar • Location: Brazil

Source: World Bank Group

Project
Active

This project involves the construction of wind complex, which consists of 10 wind farms and are located in the Bahian municipalities of Novo Horizonte, Boninal, Brotas de Macaúbas, Ibitiara, Oliveira dos Brejinhos and Piatã, with total capacity of 423MW. Total project cost is $556 million (BRL3 billion). Eight of the farms will receive a total debt amount of $222m (R$1.2bn), of which $167 million

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The project “Novo Horizonte Wind Complex” 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 wind complex, which consists of 10 wind farms and are located in the Bahian municipalities of Novo Horizonte, Boninal, Brotas de Macaúbas, Ibitiara, Oliveira dos Brejinhos and Piatã, with total capacity of 423MW. Total project cost is $556 million (BRL3 billion). Eight of the farms will receive a total debt amount of $222m (R$1.2bn), of which $167 million (R$900m) loan from the Brazilian Development Bank (BNDES) and $55m (R$300m) loan from Banco do Nordeste do Brasil (BNB). The sponsor of the project is Pan American Energy Group and financial close took place on December 22, 2022. https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndes-financiara-geracao-de-energia-eolica-e-solar-suficiente-para-atender-mais-de-2,6-milhoes-de-domicilios https://www.powerfinancerisk.com/article/2b43g5ecmqdhpg5nzs0e8/news/project-finance/bndes-finances-1-5gw-of-renewable-capacity-in-brazil https://www.evwind.es/2024/03/10/a-wind-energy-plant-with-the-capacity-to-supply-one-million-homes-came-into-operation-in-bahia-brazil/97141 https://www.power-technology.com/marketdata/power-plant-profile-novo-horizonte-wind-farm-brazil/

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