Ventos de Santa Martina 01 and Ventos de Sao Januario 23 Wind Farms

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The assets are located in the municipalities of Caiçara do Rio do Vento and Ruy Barbosa in the state of Rio Grande do Norte, Brazil. Casa dos Ventos is the sponsor. Financing was granted to SPVs Ventos de Santa Amélia Energias Renováveis, responsible for the project Ventos de Santa Martina 01; and Ventos de Santo Abelardo Renewable Energies, for the Ventos de São Januário 23 wind farm. Sponsor Casa dos Ventos closed a loan with the country’s development bank BNDES to fund the two wind farms. BNDES will provide R417 million ($74.5 million) for the wind farms' construction with a joint installed capacity of 121.8MW as part of the Rio do Vento wind complex.The loan represents 77.2% of the total investment, which is expected at R540 million. Financial closure was achieved in March 2021. Construction works began in February 2020, with COD forecast for Q1 2022. The two wind farms add 121.8 MW of installed capacity and will produce energy equivalent to the consumption of 242 thousand homes, generating 775 direct and indirect jobs. https://ijglobal.com/articles/153587/bndes-finances-casa-dos-ventos-wind-farms https://ijglobal.com/data/project/49736?name=Ventos%20de%20Sao%20Januario%2023%20Wind%20Farm%20(60.9MW)&link=%2Farticles%2F153587%2Fbndes-finances-casa-dos-ventos-wind-farms