Ventos do Araripe III 360MW wind farms project

Overview:

• Ventos do Araripe III 360MW wind farms
• Project developer Casa dos Ventos has obtained R$600 million in financing for Ventos do Araripe III.
• The project consists of 14 wind farms in the Brazilian states of Pernambuco and Piauí.
• The lender was Banco Santander.
• The entire project financing was provided by private sources, making this an unusual deal in Brazil.
• A portion of the proceeds will be used toward a 156-turbine contract with General Electric (GE).
• General Electric Energy Financial Services acted as guarantor.
• Casas dos Ventos was represented by in-house counsel.

Kurt Stumpo - Journalist