The long-term contracted debt facility amounts to R$ 228 million and the transaction financial close is expected to occur on the third quarter of 2011.
The Tramandaí wind farm is a milestone of EDPR’s wind power development in South America. It was the first wind farm built and installed by EDPR in Brazil, a country with a strong potential for the development of wind energy given its attractive wind resource.
Tramandaí’s production is fully contracted under the PROINFA renewable energy incentive program, through a 20-year PPA with Eletrobrás – Centrais Elétricas Brasileiras S.A. -, providing visible and attractive returns.
EDPR continues to execute top quality projects which are enabling the company to diversify its funding sources and access to local project financing at a competitive cost.