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Salgueiro Solar Power Plant

Sector: Solar • Location: Brazil

Source: World Bank Group

Project
Active

The project involves the construction of a 114 MW solar power plant in northeast state of Pernambuco in Brazil. The project was awarded to the sponsor Canadian Solar Inc. during the Brazil A-4 energy auctions in December 2017 and April 2018. The project has a 20-year, inflation-linked power purchase agreement (PPA) with the Brazilian Electric Power Commercialization Chamber (CCEE). Debt financing

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Project Information

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The project “Salgueiro Solar Power Plant” 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

The project involves the construction of a 114 MW solar power plant in northeast state of Pernambuco in Brazil. The project was awarded to the sponsor Canadian Solar Inc. during the Brazil A-4 energy auctions in December 2017 and April 2018. The project has a 20-year, inflation-linked power purchase agreement (PPA) with the Brazilian Electric Power Commercialization Chamber (CCEE). Debt financing of BRL 295 million or $ 80 million has been secured from Banco do Nordeste SA. On October 30, 2019 Nebras Power acquired 80 % stake in the project by Canadian Solar. Financial close was announced on 31 January 2019. Construction is expected to begin in 2019 with commercial operations starting by mid of 2020. https://www.prnewswire.com/news-releases/canadian-solar-secures-295-million-brazilian-reais-financing-for-the-salgueiro-project-in-brazil-300787308.html http://investors.canadiansolar.com/news-releases/news-release-details/canadian-solar-secures-295-million-brazilian-reais-financing, https://nebras-power.com/media/news/2019/10/brazilian-solar?language_content_entity=en

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High

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URL

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