Brazilian gas and electricity company Eneva SA has secured a loan to finance the development and construction of the 870 MW Futura 1 solar photovoltaic (PV) project.
Under the terms of the agreement, local lender Banco do Nordeste do Brasil SA, also known as BNB, will pay SPE Futura 4 Geracao e Comercializacao de Energia Solar BRL 300 million through its FNE line of credit, Eneva said last week .
Located in the state of Bahia, Futura 1 is scheduled to enter commercial operation in the fourth quarter of 2022.
