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Serra do Serido Wind Complex Phase 2

Sector: Wind • Location: Brazil

Source: World Bank Group

Project
Active

"This project involves the construction of phase 2 of the Serra do Seridó wind complex, located in the state of Paraíba, Brazil. The planned generation capacity for this phase is 242.5 MW, which, combined with the existing 237.5 MW from phase 1, will bring the total capacity to 480 MW. The sponsor for this initiative is the French company EDF Renewables. Phase 2 has secured 15-year PPAs with Engie

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The project “Serra do Serido Wind Complex Phase 2” is an infrastructure initiative in the Wind 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 phase 2 of the Serra do Seridó wind complex, located in the state of Paraíba, Brazil. The planned generation capacity for this phase is 242.5 MW, which, combined with the existing 237.5 MW from phase 1, will bring the total capacity to 480 MW. The sponsor for this initiative is the French company EDF Renewables. Phase 2 has secured 15-year PPAs with Engie and Eneva for 85 MW of its output. The total project cost is $144 million (R$770 million), with Banco do Nordeste do Brasil (BNB) providing a $62 million (R$330 million) loan, and the remaining $82 million (R$440 million) secured through a debenture issuance by the sponsor company, with BTG Pactual acting as lead coordinator. The financial close date is June 11th, 2024." https://www.powerfinancerisk.com/article/2dcxuzvwk7bisu9vjzaps/news/project-finance/edf-issues-debentures-for-wind-expansion-in-brazil ; https://edf-re.com.br/en/2024/06/11/serra-do-serido-2-issues-infrastructure-debentures/ https://www.powerfinancerisk.com/article/2dcxuzvwk7bisu9vjzaps/news/project-finance/edf-issues-debentures-for-wind-expansion-in-brazil ; https://edf-re.com.br/en/2024/06/11/serra-do-serido-2-issues-infrastructure-debentures/

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