Omnigen Energy and Appian Capital Advisory LLP announced Wednesday that Omnigen has secured a R$250 million financing from Itaú BBA to finalize the development of the portfolio of 20 small-scale solar power plants with a total capacity of 62.4MWp, located in Minas Gerais, Brazil.
Appian, long-term investor to mining and mining-related companies, performed a structured process with multiple parties and is partnered with Itaú BBA in this transaction. The financing will fund the remaining development costs across the plants, with the project now fully funded through to becoming operational.
Technical, legal, environmental and social due diligence was undertaken by the mandated lead arranger to endorse robust fundamentals and ESG practices of the project. The project is a core element of Appian’s clean energy and mining strategy, which supports the business’ ambitions to decarbonize its portfolio. The solar plants will reduce more than 14,000 tons of CO2 per year, which is the equivalent of planting 20,000 trees.Omnigen is advancing with the project’s engineering, procurement and construction program, with multiple workstreams progressing in parallel. The development of the solar plants is now 50% complete and remains on budget, the company said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next generation of solar energy leaders learn skills during Denver Public School's Renewable Energy AcademyAdria Iraheta joined the Denver7 news team in January 2024. After spending the past decade making her way across the country, the Los Angeles native is thrilled to be back out west!
Source: DenverChannel - 🏆 239. / 63 Read more »
Study reveals insights into the establishment of bound electronic states for developing efficient photocatalystsPhotocatalytic water splitting, a sustainable energy strategy, utilizes solar energy to produce clean hydrogen fuel.
Source: physorg_com - 🏆 388. / 55 Read more »
Forget solar panels, algae could be the next big thing in renewable energyConcordia researchers harness energy from algae's photosynthesis, offering a sustainable, low-emission energy solution.
Source: IntEngineering - 🏆 287. / 63 Read more »
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyWASHINGTON — President Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy re…
Source: sdut - 🏆 5. / 95 Read more »
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyPresident Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy regardless of the election results in November.
Source: ksatnews - 🏆 442. / 53 Read more »
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyPresident Joe Biden’s grip on a key federal energy commission will last beyond his first term, giving a boost to the Democrat’s push for renewable energy regardless of the election results in November.
Source: wjxt4 - 🏆 246. / 63 Read more »