Southridge Enterprises, a renewable energy company, has announced that its subsidiary, Southridge Brasilia, has received a total of $7.5 million from its project partners for the construction of the ethanol facility in Brazil.

Southridge’s director, Marcio Santos, has been working closely with the company’s Brazilian partners Durmundo Carasca (DCSA) and Briskul Transaccao (BTL) in the development of the ethanol plant.

DCSA has now completed its $5 million contribution for its 15% interest in the new facility. In addition, BTL has exercised its option to increase its position in Southridge Brasilia for an additional $3.27 million bringing its total interest to 35%.