Faro plans green bonds in Brazil

Faro plans green bonds in Brazil

Corporate & Sovereign Strategy Bonds Debt Latin America South America Brazil Europe Energy Solar ESG Green Finance Solar

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

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