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Ventos do Piaui I Solar PV Plant

Sector: Wind • Location: Brazil

Source: World Bank Group

Project
Active

The project entails construction of a 68MW solar park in the state of Piaui, which will be part of a hybrid complex.

The project's owner is Sol do Piaui Geracao de Energia - an SPV controlled by a joint venture between Votorantim Energia and Canada Pension Plan Investment Board (CPPIB), called VTRM Energia e Participacoes.

Total project cost is R$237.4 million ($47 million). The R$189.9 million

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Project Information

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The project “Ventos do Piaui I Solar PV Plant” 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

The project entails construction of a 68MW solar park in the state of Piaui, which will be part of a hybrid complex. The project's owner is Sol do Piaui Geracao de Energia - an SPV controlled by a joint venture between Votorantim Energia and Canada Pension Plan Investment Board (CPPIB), called VTRM Energia e Participacoes. Total project cost is R$237.4 million ($47 million). The R$189.9 million ($37.74 million) loan from BNDES will fund about 80% of the project's cost. Financial Closure was achieved in June 2021. The facility will be attached to the 205.8MW Ventos do Piaui wind farm, which is located in the Curral Novo municipality and is already operational. https://ijglobal.com/articles/155825/bndes-to-finance-hybrid-solar-project https://ijglobal.com/data/project/50526/ventos-do-piaui-i-solar-pv-plant-68mw https://ijglobal.com/data/transaction/56189?name=Ventos%20do%20Piaui%20I%20Solar%20PV%20Plant%20(68MW)&link=%2Farticles%2F155825%2Fbndes-to-finance-hybrid-solar-project

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