Serra do Seridó 2 issues Infrastructure Debentures

Rio de Janeiro, June 11th, 2024 – On June 7, the issuance of the infrastructure debentures of Serra do Seridó 2 in the amount of R$ 440 million was concluded. With a maturity of 18 years and IPCA+6.78%, the debt received an AA+ risk rating by Fitch, demonstrating the soundness and reliability of the project.

The Phase 2 of the complex also received financing in the order of R$ 330 million from Banco do Nordeste, ensuring the necessary resources for the continuity and success of the project.

The Serra do Seridó Wind Farm is EDF Renewables’ first project in the state of Paraíba and phase 2 represents its expansion. With the second stage of the project, the complex will correspond to the company’s largest undertaking in South America.

About EDF Renewables:

EDF Renewables is a global energy company that develops, constructs, and operates renewable energy generation plants. A key player in the energy transition worldwide, EDF Renewables implements competitive, responsible projects within the EDF Group, generating value. In all the countries where it operates, our teams are committed daily to local stakeholders, combining their expertise and innovation capacity to combat climate change. By the end of 2023, EDF Renewables operated a net installed capacity of wind and solar projects equivalent to 12.8 GW worldwide. Primarily present in Europe and North America, EDF Renewables continues to grow and position itself in promising markets such as Brazil, China, India, South Africa, and the Middle East. Despite its strong involvement in onshore wind and photovoltaic solar, the company also operates in offshore and floating wind, as well as in new technologies such as energy storage, floating solar, and agrivoltaics. In Brazil since 2015, EDF Renewables Brazil is an important player in the renewable energy sector, totaling over 1.8 GW in viable solar and wind energy projects in Bahia, Minas Gerais, and Paraíba.