November 28 (Renewables Now) - The Brazilian Development Bank, or BNDES, announced on Monday new rules and financing options for renewable energy projects in the A-4 and A-6 auctions this December.
Up to now, the maximum share of the project cost that could be covered by BNDES financing depended on the technology, with only solar projects being allowed up to 80% participation. Following the changes in the development bank's rules, all projects, no matter if solar, wind, hydropower or thermal, will enjoy up to 80% of BNDES financing.
The bank will also offer different interest rate structures and amortisation systems, it said. As a rule, the wind turbines and photovoltaic (PV) equipment purchased by the winning projects must meet the requirements of the Accreditation Of Computerized Suppliers (CFI).
Renewable energy projects with a combined capacity of around 47,965 MW will compete in the A-4 energy auction on December 18, while 53,424 MW of projects have registered for the A-6 action on December 20.