Brazil's 2W Energia bags financing for 138.6-MW wind project - report

Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic

October 8 (Renewables Now) - Brazilian energy trader 2W Energia has negotiated the needed financing for the construction of the 138.6-MW Anemus wind complex, CEO Claudio Ribeiro was quoted as saying by local newspaper Valor Economico.

The company closed a USD-30-million (EUR 25.5m) mezzanine facility -- a combination of debt and equity financing -- with Darby Overseas Partners, part of US-based Franklin Templeton Investments.

2W Energia will also pour own resources in the Anemus project and has tasked local investment bank Banco BTG Pactual SA with the issuance of infrastructure debentures in order to raise BRL 600 million (USD 106.8m/EUR 90.8m).

Located in Rio Grande do Norte state, the wind complex is scheduled to start commercial operation in the first quarter of 2022. Brazilian WEG SA (BVMF:WEGE3) will be the equipment supplier.

2W Energia's goal is to built 1 GW of wind capacity by 2024 in Rio Grande do Norte and Ceara states. It is currently negotiating the financing of the 260-MW Aracati wind scheme.

(USD 1.0 = EUR 0.850)

(BRL 1.0 = USD 0.188/EUR 0.165)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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