The company is aiming to generate 100 megawatts of solar power from the two parks, which will be located in the southern region of the country. The parks will be built using a combination of photovoltaic and concentrated solar power technologies. The construction of these solar power parks is expected to cost around $100 million. The company is also planning to invest in other renewable energy projects, including wind and hydroelectric power. UTE’s commitment to renewable energy is driven by the need to reduce its carbon footprint and meet the country’s growing energy demand.

The bond sale was a significant event for UTE, marking a milestone in its journey towards becoming a leading player in the corporate bond market. This milestone was achieved through a successful execution of the bond sale, which attracted significant investor interest and generated a strong demand for the company’s bonds. The company’s strategy for attracting investors was multifaceted. It focused on building a strong brand reputation, highlighting the company’s strong financial position, and showcasing its commitment to sustainable development. These efforts were instrumental in attracting investors and generating a strong demand for the bond sale.