Vital Renewable Energy raises $1 billion ethanol, power development financing for Brazilian expansion plans

In Brazil, Vital Renewable Energy announced a fund of $1 billion that will be used to launch ethanol and power projects. Leaf Clean Energy Company, Petercam Asset Management and PCG Clean Energy & Technology Fund are among participants in the fund, which is led by Paladin Capital Group. Vision Brazil Investments advised the funds investing in this round of financing.

The company has commenced its first plant in Sao Paulo state, in partnership with Grupo Farias, which has 10.5 million tons of sugarcane processing capacity throughout Brazil.

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