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Enel Signs $115m USD Loan Agreement To Promote Renewable Investments In Brazil

The Enel Group and the Brazilian Development Bank, the main financing agency for development in Brazil, have signed a 20-year term loan agreement worth around $115m USD to promote renewable investments. The funding will also cover part of the investment required to build the recently inaugurated 102 MW Apiacas hydropower cluster, located in the state of Mato Grosso in Brazil’s Central-West Region. “We’re extremely pleased with the outcome of this transaction, which is a testament to the solidity of our Brazilian business,” said Francesco Venturini, Enel’s Head of Global Renewable Energies.

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