June 6 (Renewables Now) - The Brazilian Development Bank, or BNDES, announced on Tuesday changes to its rules and finance guidelines for green distributed generation (DG) projects.
Under the Climate Fund Programme, individuals will have access to financing for the installation of solar heating systems and cogeneration systems, including photovoltaic (PV) panels, wind turbines, biogas generators and necessary equipment for DG systems.
This initiative aims to encourage the citizens to invest in sustainability and energy saving projects. Through the implementation of solar systems, individuals will be able to reduce their electricity bill expenditures and even sell the surplus to the local distributor.
The Climate Fund Programme will support up to 80% of the financable items. BNDES practices different tariffs for individuals and corporations depending on their annual income. The programme also allows a maximum grace period of 144 months.
Applications should be made until December 28, 2018.