Brazilian developer may issue $126.1M bonds to fund wind projects

01/31/2013 | Bloomberg Businessweek

Brazil's Bioenergy Geradora de Energia is planning to issue up to $126.1 million in bonds to raise funds for wind projects with a total capacity of 380 megawatts. The company is considering selling debt after finding an investor for the wind projects, which are expected to $605.5 million, said CEO Sergio Marques. Bioenergy has won contracts for most of the projects to sell electricity at $44.28 per megawatt-hour, and raising the funds would be "very challenging," said Eduardo Tabbush of Bloomberg New Energy Finance.

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