Stavanger,
When complete, the project will produce 18 MW of renewable power and generate recurring revenue for 25 years, under the terms of the power purchase agreement (PPA) with corporate offtaker Órigo Energia. The project will offset approximately 257,400 tonnes of CO2 emissions equivalent over the systems' lifetimes.
"Norsk Solar is proud to help
The 15-year green bond structured for the financing of the solar projects has been issued with the support of the Brazilian asset manager Valora Investimentos.
The project has successfully received the equity investment from Norsk Solar and its project partners,
"The innovative financing tools offered by the CRI structure will allow a strong and efficient development of our pipeline in the Geração Distribuída GD (distributed generation). This transaction confirms the firm interest of Brazilians and international investors into the local solar market," said
"We are very happy to have contributed to the first project finance debt structure of Norsk Solar in
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Contact information
Investors:
Investors:
+47 917 86 431 | stovner@norsksolar.com
Media:
+47 950 95 481 | christine@norsksolar.com
About Norsk Solar
Norsk Solar delivers the power to build a better world. We provide clean, renewable power to businesses in high-growth markets. Our high-quality solar PV solutions produce cost-efficient and reliable electricity, helping companies save money and meet sustainability targets.
Norsk Solar has over 100 MW in operation or under development in high-growth markets and is a fast-growing independent solar power producer, targeting 2 GW under management in 2025.
The company was established in 2017 in Stavanger,
About Valora Investimentos
Founded in 2002, Valora is an independent asset manager firm specialized in fixed income, real estate, agricultural, infrastructure funds and structured financing with
Valora stands out due to its expertise in structured products, the conservatism in the models used in credit analysis, and the partners' experience in the business world. In all our business areas, Valora appreciates medium and long-term investments, which are anchored by the fundamentalist analysis of assets, continuous monitoring of investments, and consistent returns for investors.
Since 2022 Valora is a signatory of PRI.
https://news.cision.com/norsk-solar-as/r/norsk-solar-secures-green-bond-to-finance-18-mw-solar-project-in-brazil,c3705236
https://mb.cision.com/Public/21272/3705236/aa55c73a6a322e77.pdf
(c) 2023 Cision. All rights reserved., source