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BNDES lends USD 340m to three wind complexes in Piaui

Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic

October 15 (SeeNews) - The Brazilian Development Bank, or BNDES, approved on Wednesday three loans, totaling BRL 1.3 billion (USD 340m/EUR 298m) to support the development of wind complexes with a combined capacity of 436.7 MW.

More details about the projects in the table below.

 Project  Capacity  Loan (in millions)
 Chapada do Piaui 1  205.1 MW  BRL 555
 Chapada do Piaui 2  172.4 MW  BRL 575
 Chapada do Piaui 3  59.2 MW  BRL 170

Based in Piaui state, the Chapada do Piaui 1, 2 and 3 wind complexes will comprise 247 wind turbines that meet BNDES's domestic content policy. In addition to the BRL 1.3 billion, another BRL 9.1 million will be granted for social investments.

According to the Brazilian Wind Energy Association, or Abeeolica, Brazil has so far installed 298 wind farms with a total capacity of 7.5 GW.

(BRL 1 = USD 0.262/EUR 0.229)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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