OUR HERITAGE

AgriCorp

US$22MM Debt Raise for 12-MW Biomass Power Plant in Nicaragua

Delphos Financial Advisor AgriCorp

The biomass facility is able to produce 84 million kWh of electricity per year for 25 years. The station is fueled by rice husk as a secondary fuel and rice straw as a backup fuel.

Nicaragua, Energy and Natural Resources, Biomass, Americas, Capital Raising, 2019, SDG

Sector

Energy and Natural Resources

Amount Raised

US$22,000,000

Deal Type

Capital Raising

Unique Challenge

Renewable and sustainable biomass power

Sub-sector

Biomass

Year

2019

Type of Financing

Debt

Deal Impact in Numbers

Energy savings of up to US$1MM per year

Lender

DEG

SDGs

SDG 7 Ensure access to affordable, reliable, sustainable and modern energy for all

Borrower

Agricorp

Deal Impact in Lives

The project not only generated significant costs savings in electricity costs, but reduced the carbon footprint of their operation

Location

Nicaragua

Nicaragua AgriCorp Financial Advisory Delphos