Brazil Approves Bond Issuances for Two Wind Farm Projects

Sept. 22 (Bloomberg) — Brazilian wind-energy projects
Verace 26 and Ventos de Santo Onofre I were allowed to sell tax-exempt bonds under a government incentive program for
infrastructure projects.

The issuance of the infrastructure bonds was authorized by
the Energy Ministry, according to a note published in the
official gazette today. The ministry’s note didn’t provide
information on values or sale terms.

Verace 26, in the southern state of Rio Grande do Sul, has
16 megawatts of installed capacity and is owed by utility
Eletrosul Centrais Eletricas SA and renewable-energy developer
Renobrax Energias Renovaveis.

Ventos de Santo Onofre, in the northeastern state of Piaui,
has an installed capacity of 30 megawatts and its main
shareholders included investment fund Salus, state-run utility
Centrais Eletricas Brasileiras SA’s Chesf unit and wind-power
developer Ventos de Santo Onofre Energias Renovaveis.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at
vdezem@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Carlos Caminada, Will Wade

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