Kairos Wind 2 Energia

Kairos Wind Complex Project - Financing

Borrower (s)
Industry
Power/Onshore wind
Area of finance
Project & Infrastructure Finance
Region
Latin America
Countries
Brazil

Deal Overview

Banco do Nordeste do Brasil (BNB) has loaned BRL275 million ($52 million) to 2W Energia to fund part of its Kairos wind complex. Structured via borrowing vehicles Kairos Wind 2 Energia and Kairos Wind 6 Energia, the loan has a 24-year tenor with a 24-month grace period for interest and principal...

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Banco do Nordeste do Brasil (BNB) has loaned BRL275 million ($52 million) to 2W Energia to fund part of its Kairos wind complex. Structured via borrowing vehicles Kairos Wind 2 Energia and Kairos Wind 6 Energia, the loan has a 24-year tenor with a 24-month grace period for interest and principal (the first repayment is planned for September 2024). The debt is priced at 350bp over the National Consumer Price Index (IPCA). 

The Kairos wind complex will be located near Icapui in Ceara state and will feature five wind farms with a planned installed capacity of 261MW. Construction began earlier this year and commercial operation is scheduled for 2023. All power produced will be sold on the merchant market.

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Deal Volume
$ 52m
Financial Close
03 August 2022

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Projects

Kairos Wind Complex Project

Greenfield
Onshore wind
Latin America
Brazil
$ 132m