Serveng gets wind guarantee

Serveng gets wind guarantee

Loans Debt Energy Renewable Wind Brazil

Brazil's Grupo Serveng has secured a guarantee for wind farm financing through its subsidiary Ventos Fortes Geradora Eólica, LatinFinance has confirmed. Bradesco has provided the backstop to cover construction and ramp-up risk for a BRL200m ($49.4m) loan from Banco do Nordeste (BNB) for the Pedra Grande wind farm in the state of Rio Grande do Norte, said a source close to the deal. According to Ventos Fortes' 2018 financial statement, the company got a BRL187m loan from BNB last year at an ann

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