BNDES okays USD-303m loan to support Brazilian wind projects
Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic
The Brazilian Development Bank, or BNDES, has approved a loan of about BRL 1.04 billion (USD 303m/EUR 272m) to support the construction of three wind power complexes, it said on Monday.
The finance will cover a total of 12 wind farms. With 148 wind turbines, the plants have a combined capacity of 311.3 MW, enough to meet the annual demand of 700,000 local homes. In addition, the funds will also cover the construction of the respective transmission systems. Together, the projects will create aroung 3,000 direct and indirect jobs.
The loan beneficiaries are the local arms of EDF Energies Nouvelles (EN) and Italy’s Enel SpA (BIT:ENEL), together with local firm Alianca, a partnership between mining giant Vale (BVMF:VALE5) and power holding company Cemig (BVMF:CMIG4).
More details on the projects being financed are available in the table below.