Rio Energy finances wind farm

Rio Energy finances wind farm

Structured Finance Brazil Loans Project & Infrastructure Finance

Brazil's Rio Energy got a 16-year BRL848m ($274m) loan from the national development BNDES for the Serra da Babilonia wind project. The renewable energy developer, owned by US private equity firm Denham Capital, is also considering a BRL200m debenture but it is still in the early stages, a company spokesperson confirmed. The company has not yet decided when to tap the capital markets but it will not be in the short term, she said. Infrastructure debentures are tax free for retail and internation

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