Bioenergy to Sell $126 Million Bonds to Fund Cheapest Wind Power
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Bioenergy Geradora de Energia Ltda., the Brazilian renewable-energy developer that’s going to sell the world’s cheapest wind energy, plans to issue as much as 250 million reais ($125.7 million) of inflation-linked bonds to finance power projects.
The company expects to find a new investor in the first half of the year to help build wind farms worth 1.2 billion reais and plans to sell debt soon after, according to Chief Executive Officer Sergio Marques.