Brazil Approves Bond Issuances for Two Wind Farm Projects

Brazilian wind-energy projects Verace 26 and Ventos de Santo Onofre I were allowed to sell tax-exempt bonds under a government incentive program for infrastructure projects.

The issuance of the infrastructure bonds was authorized by the Energy Ministry, according to a note published in the official gazette today. The ministry’s note didn’t provide information on values or sale terms.

Verace 26, in the southern state of Rio Grande do Sul, has 16 megawatts of installed capacity and is owed by utility Eletrosul Centrais Eletricas SA and renewable-energy developer Renobrax Energias Renovaveis.

Ventos de Santo Onofre, in the northeastern state of Piaui, has an installed capacity of 30 megawatts and its main shareholders included investment fund Salus, state-run utility Centrais Eletricas Brasileiras SA’s Chesf unit and wind-power developer Ventos de Santo Onofre Energias Renovaveis.

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