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BNDES okays loan for 361-MW Engie wind complex in Brazil

Brazil's Copel Cutia Wind Complex in Rio Grande do Norte

May 20 (Renewables Now) - The Brazilian Development Bank, or BNDES, has approved a BRL-1.243-billion (USD 216.7m/EUR 197.8m) loan to support the 361.2-MW Campo Largo 2 Wind Complex developed by utility Engie Brasil Energia SA (BMVF:EGIE3).

This financing, which has a repayment term of 220 months, covers about 80% of the total investment required for the complex to be built, Engie said today.

Located in the municipalities of Umburanas and Sento Se, Bahia state, Campo Largo 2 has more than 60 agreements signed with clients in the country's free market. Operation is scheduled to commence in early 2021.

The bank also granted a BRL-1.481-billion loan for 15 stretches of the Gralha Azul transmission line. With a combined length of around 1,000-km, the project is to be implemented along several fronts in Parana state, which will link with ten substations by March 2023.

Both loan agreements were closed digitally with certification from the national system ICP Brasil, a first in this context.

(BRL 1 = USD 0.174/EUR 0.159)

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Browse all articles from Lucas Morais

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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