Construction underway for Asja's largest landfill gas project in Brazil
Italy-headed renewable energy project developer and operator Asja Ambiente Italia SpA has recently revealed that it has begun construction of a new 12.8 MW landfill gas (LFG) to energy plant in Jaboatão dos Guararapes, State of Pernambuco, Brazil. With this project, that will be completed by the first quarter of 2019, Asja is strengthening its presence in the country’s renewable energy sector.
According to the company, the new plant will have a positive impact on the local community, since it will generate about 95 GWh of clean energy annually, enough to meet the energy needs of 52 000 people.
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 an EUR 6 million loan with a 5-year term.
I’m very satisfied with this operation, that will allow us to strengthen our presence in Brazil in the production of renewable power from biogas, a sector in which we have been a market leader in Italy for more than 20 years. 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 successfully 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 projects in the pipeline in Brazil, an ever more important market in our plans, commented Agostino Re Rebaudengo, Founder and Chairman of Asja Group.
Once completed, the project will be the fourth and largest LFG installation that Asja has in Brazil – in the State of Minas Gerais the company three LFG plants, a 2.8 MW plant in Uberlândia, a 4.2 MW plant in Belo Horizonte and the most recently commissioned 5.65 MW facility in Sabarà.