Brazil’s BNDES approves $252 million of wind farm loans

4 July 2014

Brazil's development bank BNDES has approved R$557 million ($252 million) in loans for wind projects in two states.

The wind farms in the northeastern state of Ceara and the southern state of Rio Grande do Sul have a total capacity of 195.6MW, reports Bloomberg.

BNDES approved loans totalling R$4.3 billion last year, 27% percent higher than in 2012.

The biggest loan announced today is for the 120MW project Atlantica I, II, III and IV in Rio Grande do Sul, owned by CPFL Energias Renovaveis SA, which received R$383.7 in financing.

BNDES is also investing R$173.3 million in three wind farms with a total capacity of 76MW in Ceara, owned by Eol Brisa Energias Renovaveis SA.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.