2W ties up more financing from BNB

2W ties up more financing from BNB

Corporate & Sovereign Strategy Debenture Loans Brazil Capital Markets Wind Energy ESG Renewable

Brazilian renewable energy company 2W Energia said Tuesday that it secured BRL275 million ($52.1 million) in long-term financing from regional development bank Banco do Nordeste (BNB) to develop two wind power projects, according to a securities filing. São Paulo-based 2W will use the loan to finance the 36 MW Kairós Wind 2 and 40.5 MW Kairós Wind 6 projects, two parts of a 261 MW wind power complex in the northeastern state of Ceará. The company started construction in May this year and expects

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