February 23, 2021 |
Solar power developer Faro Energy plans to issue BRL100 million ($18.3 million) in 10-year green bonds next month, backing the new notes with revenues from two projects that supply electricity to fashion retail chain C&A in Brazil, CEO Pedro Mateus told LatinFinance.
Faro said earlier this month that it signed an agreement to supply power to 11 C&A stores in Rio de Janeiro and Brasília for at least 10 years. C&A expects to cut carbon dioxide emissions by 1,800 tonnes and save roughly
Solar power developer prepares new notes backed by a power supply contract with fashion retailer C&A, CEO says