Voltalia Group’s $25.7 Million Financing for the construction of a wind power plant in Brazil


Dias Carneiro Advogados, Reed Smith and Stocche Forbes advised on the deal

Usina de Energia Eólica Vila Acre I SPE S.A. operating as a special purpose vehicle controlled by Voltalia Group secured a $25.7 million long-term loan from Banco do Nordeste do Brasil S.A. in order to finance the construction and operation of its wind power plant located in the city of Serra do Mel, State of Rio Grande do Norte State. The wind farm with 27,3 MWs total installed capacity owned by Voltalia is called EOL Vila Acre I.

The long-term loan with BNB is guaranteed by, among other guarantees typical in project finance deals, bank guarantees (fianças) granted by Banco Bradesco S.A. and Itaú Unibanco S.A..

Voltalia S.A. produces electricity from alternative sources. The Company, led by Sebastien Clerc, Marie-Odile Lavenant and Pierre Michel Cremieux uses hydroelectric, wind, and biomass to generate electricity in France, Guyana, and Brazil. In 2017, Voltalia recorded $180 Million Revenues.

Dias Carneiro Advogados advised Voltalia S.A. with a team including Thiago Vallandro Flores (Picture), Pedro Malvezzi de Araújo and Fernanda Savorelli Melhem.

Stocche Forbes Advogados advised Banco Bradesco S.A. and Itaú Unibanco S.A. with Frederico Cursino de Moura, Yves Dutra and Yasmin Ferreira Tayar.

In Paris, Reed Smith advised Banco Bradesco S.A. and Itaú Unibanco S.A. with a team led by Marc Fredj.

Involved fees earner: Frederico Moura – Stocche Forbes Advogados; Yves Dutra – Stocche Forbes Advogados; Thiago Vallandro Flores – Dias Carneiro Advogados; Pedro Malvezzi de Araujo – Dias Carneiro Advogados; Fernanda Savorelli Melhem – Dias Carneiro Advogados; Marc Fredj – Reed Smith;

Law Firms: Stocche Forbes Advogados; Dias Carneiro Advogados; Reed Smith;

Clients: Banco Bradesco BBI S.A.; Itaù Unibanco; Voltalia SA;