Casa dos Ventos, a Brazilian renewable energy company, issued its first green bonds. The issue totals an amount in local currency equivalent to around USD 82 million to finance part of the expansion of the Rio do Vento Wind Farm Complex.

The green bonds were rated AA by Fitch Ratings and have a positive green bond rating opinion from the consulting firm Sitawi, in accordance with the Green Bond Principles, according to criteria established by the International Capital Markets Association (ICMA). The offering was coordinated by the banks BTG Pactual (lead coordinator), Itaú BBA and BNDES. The bonds will have a semi-annual remuneration and a total term of 16 years.

The resources will be allocated to four wind farms with a total capacity of 268 MW and an annual generation potential of 1,389 GWh of renewable energy, in addition to avoiding the annual emission of 662 thousand tonnes of CO2 equivalent.