Asja is building a new biogas plant in Brazil
A new landfill biogas-to-energy plant with installed capacity of 12,8 MW is currently under construction in Jaboatão dos Guararapes, Brazil. With this project, that will be completed by 2019, Asja is strengthening its presence in the country’s renewable energy sector.
Asja has already built three biogas plants in Brazil, the last of them being opened in September 2017 at Sabarà landfill.
The new plant will have a positive impact on the local community, since it will generate about 95,000 MWh of clean energy yearly, enough to meet the energy needs of 52,000 people and to prevent the emission of more than 300,000 ton of CO2.
Asja has already signed two power purchase agreements with main local companies that guarantee the sale of part of the nominal capacity of the plant for 5 years. These agreements are consistent with the payback period of the project and thus will provide for the repayment of the investment. Deutsche Bank has provided financial support to the project by granting a 6 million euro loan over 5 years.
“I’m very satisfied with this operation, that will allow us to stregthen our presence in Brazil in the productioon of renewable power from biogas, a sector in which we have been market leader in Italy for more than 20 years” is the comment of Asja’s founder and chairman Agostino Re Rebaudengo, that continues “The plant in Jaboatão, one of the largest in terms of installed capacity we have ever built, is a perfect example of the ability of the Italian green companies to succesfully export their competencies and technology. Once more, Deutsche Bank has been a key partner in our internationalization process, after having provided financial support to Sabarà project and promoted the entry of Asja in London Stock Exchange Group’s ELITE program. Asja doesn’t stop here: we have more project in pipeline in Brazil, an ever more important market in our plans”.