Echoenergia sells first green bonds

Echoenergia sells first green bonds

Debenture Debt Brazil United Kingdom ESG Green Bonds Green Finance Renewable Wind Capital Markets Project & Infrastructure Finance Energy Wind

Brazilian wind power company Echoenergia said it raised BRL142 million ($25.5 million) in its first issue of green debentures in the local market. São Paulo-based Echoenergia will invest the proceeds in the Serra do Mel 2 wind farm in the northeastern state of Rio Grande do Norte, the company said in a Facebook post. Echoenergia acquired Serra do Mel 2 as part of a larger deal with French renewable energy company Voltalia in September 2018. Voltalia financed construction of the project with mone

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