Brazilian Orizon places green bonds to finance waste-to-energy facility

Orizon Valorização de Resíduos, through its subsidiary Barueri Energia Renovável, has placed green bonds for an amount in local currency equivalent to approximately 72 million dollars that will finance the construction of the first Latin American thermoelectric power plant to generate electricity from urban waste (“waste-to-energy” technology).

The total investment in the generation plant is estimated to exceed 100 million dollars, to be partially covered by the resources obtained from the issuance of green bonds, while the remainder will be provided by the shareholders’ own capital. The 20-MW installed capacity facility will process 870 tons of urban solid waste per day.

The green bonds issued have a 19-year term, maturing in March 2043.