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Get the news on sustainable finance & investment in Latin America Name * First Last Email * Company * Job Title * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Brazilian infrastructure firm CCR said it plans to invest in renewable energy producer Neoenergia Renováveis, a subsidiary of Spain’s Iberdrola, in order to secure power supply for its São Paulo metro business. Three CCR-owned concessionaires operating parts of the São Paulo metro network signed an agreement to acquire stakes in three units at Neoenergia’s vast Oitis wind farm complex in northeast Brazil for an undisclosed sum, according to a securities filing published on Tuesday. The companies plan to buy stakes of 2.84% in Oitis 2, 6.75% in Oitis 4 and 5.25% in Oitis 6, the filing said. ADVERTISEMENT Bioeconomy: Business with a Focus on the Planet Replacing chemicals and unsustainable materials with bioproducts, extracting forest products like seeds and fruits, or generating bioenergy from agricultural waste are just some practices creating economic opportunities for local communities while protecting ecosystems and improving resident’s lives. “The completion of this operation will ensure the supply of around 60% of the annual energy consumption of the CCR Group, thereby strengthening its strategy focused on cost optimization and reduction and its commitment to power 100% of its assets by renewable energy sources,” the filing said. The Oitis complex is Neoenergia’s largest and comprises 103 wind turbines across 12 wind parks, located in the states of Piauí and Bahia, according to the company’s website. Oitis has an installed capacity of 566.5 MW. More Sustainable Finance & Investment News FREE TO READ THANKS TO CABEI talks pricing for sustainable bonds Acciona taps SLL Funo firms up new SLB issuance Aegea subsidiary tees up ESG bond deals Aeris gets bond waiver Cross-border bond markets lure more LatAm issuers BNDES approves Raízen credit line IDB lines up dual bond offering Chile prices back-to-back global deals Grenergy nabs another loan Investors find ESG ‘bright spot’ in tough market Promigas prices social bonds in Colombia Load more posts Something went wrong. Please refresh the page and/or try again.
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