Resources will be earmarked for a new expansion cycle for the company

ENC Energy Brasil announces the settlement of its first issue of R$65 million in simple debentures with a green seal. The funds will be used for reprofiling financial commitments and for investments that will continue the company's expansion plan. "These resources will enable a new growth cycle for the company. Our goal is to reach 61MW of installed capacity by 2026", comments Rodrigo Missel, CEO of ENC Energy Brasil.

The operation, approved on July 20, received an environmental opinion from the consultancy Sitaw Finanças do Bem. To characterize a debenture with a green bond, the consultancy analyzed the adequacy of ENC Energy's corporate practices, policies and processes to the ESG criteria (Environmental, Social and Governance, in Portuguese).

The debentures have a term of 5 years for payment, with a one-year grace period, at the cost of CDI + 5% with quarterly payments. As a counterpart to obtaining the seal, a certification granted only to projects with a positive environmental impact, ENC Energy will have to make periodic reports of operations, to monitor carbon neutralization. The issuance of the papers was coordinated by Banco Bocom BBM S.A.

"This was ENC's first debenture issue in the Brazilian market and we have already achieved the 'green' seal. The environmental title is among the first in the biogas sector and will be a trend for the market", says Carla Bernardes, CFO of ENC Energy Brazil.

ENC Energy is responsible for eight power generation plants from biogas from the decomposition of waste in landfills in six Brazilian states. In all, more than R$50 million were invested in the construction and operation of technologies and solutions for the generation of 31MW in the free energy market and in the distributed generation system, focusing mainly on small and medium-sized companies. In addition to generating clean and renewable energy without intermittence, the company will issue carbon credits due to the mitigation of greenhouse gas (GHG) emissions and, also, I-RECs, renewable energy certificates.

About ENC Brazil 

Created in 2012, the Brazilian subsidiary of ENC Energy has as shareholders the Portuguese company ENC Energy and the GEF Capital Partners fund. The company already operates in Maranhão, Rio de Janeiro, Minas Gerais, São Paulo and Pernambuco, in addition to having an 8.6 MW plant at the Curitiba landfill, in Paraná, since 2016.

About BOCOM BBM 

Banco BOCOM BBM SA has its origins in the city of Salvador-Ba, in 1858. In 2016, Bank of Communications acquired 80% of Banco BBM's capital, creating Banco BOCOM BBM, the first joint venture of BoCom outside the China. We are dedicated to meeting the credit and service needs of companies established in Brazil, as well as Wealth Management services to individuals, including acting in the management of liquidity assets and providing protection against financial risks. In addition, last year we implemented the Asset Management area. We offer investment funds with the difference of our experience in quantitative risk, macroeconomic research, analysis and credit monitoring. We connect Brazil to markets and businesses in China and Asia, a macro-region with the highest growth rates in the world. Our solutions incorporate decades-tested concepts and techniques, constantly adding innovations.