Project ID: 59826

China Development Bank loans $56 Million to Energen Energias Renováveis S.A for Barra dos Coqueiros Wind Farm

Commitment amount

$ 65750919.243847325

Adjusted commitment amount

$ 65750919.24

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Brazil

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2012-01-01

Geography

Description

In 2012, the China Development Bank loaned $56 million to Barra dos Coqueiros wind farm in the state of Sergipe in Brazil. The wind farm is controlled by Statkraft Energias Renováveis S.A (formerly Desenvix) and produces 34.5 MW annually. As of January 2013, the farm has been fully operational. The loan has a maturity of 15 years, grace period of 6 months, interest rate of 6M LIBOR (0.153%) + 5.1% = 5.253%.

Number of official sources

3

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Statkraft Energias Renováveis S.A [Private Sector]

Loan Details

Maturity

15 years

Interest rate

5.25%

Grace period

1 years

Grant element (OECD Grant-Equiv)

22.2106%

Bilateral loan

Investment project loan