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Varzea III & IV solar PV plants

Sector: Solar • Location: Brazil

Source: World Bank Group

Project
Active

This project entails the development of Varzea III & IV solar PV plants with a total capacity of 117.16MW in Várzea da Palma, Minas Gerais, Brazil. Sponsor of the project is Comerc Renew, part of Comerc Energia Group. Total investment stands at $76.3 million and the sponsored issued a $47.69 million debentures to finance the construction. Banco ABC Brasil acted as a placement agent on the bond iss

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Project Information

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The project “Varzea III & IV solar PV plants” 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 entails the development of Varzea III & IV solar PV plants with a total capacity of 117.16MW in Várzea da Palma, Minas Gerais, Brazil. Sponsor of the project is Comerc Renew, part of Comerc Energia Group. Total investment stands at $76.3 million and the sponsored issued a $47.69 million debentures to finance the construction. Banco ABC Brasil acted as a placement agent on the bond issue. Financial close took place on December 12, 2022. Realfin https://panorama.comerc.com.br/comerc-renew-e-grendene-firmam-ppa-de-energia-solar

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Data quality score

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