Tauil & Chequer Advogados advises Barueri Energia Renovável on public offering of green debentures worth R$ 395 million

Tauil & Chequer Advogados in association with Mayer Brown advised Barueri Energia Renovável, controlled by Orizon Valorização de Resíduos, in the public offering of infrastructure debentures upon issuance, pursuant to CVM Resolution 160 and Law No. 12,431, totaling R$ 395 million.

The net proceeds will be used to finance a project to generate energy by incinerating solid urban waste (MSW). This project will be the first Energy Recovery Plant in Latin America, in partnership with Sabesp, in a 30-year PPP with the Municipality of Barueri, with long-term energy sales contracts (20 years) and is expected to start operating in 2027.

The debentures were characterized as "green debentures" due to their material compliance with the Green Bond Principles and market best practices for green bond issuance, contributing to climate change mitigation and sustainable development. The public offering was coordinated by BTG Pactual and Modal.

The team was led by partner Rodolfo Tella and counsel Anna Gouvea, and included associates Camila Spinola and Thiago Cesar.