Brazil's BNDES loans to wind power developers to grow 15% Y/Y in 2013
Sep 25, 2013 - Brazilian National Social and Economic Development Bank (BNDES) will boost the loans to wind power developers by 15% in 2013 in comparison to the BRL 3.1 billion (USD 1.408bn/EUR 1.046bn) disbursed in 2012.
According to the head of the bank's alternative energy department, Ana Raquel Paiva Martins, who took part in an Alternative Energy Forum yesterday, between 2003 and 2013, the bank extended BRL 93.9 billion to the Brazilian electricity sector, of which BRL 11 billion were earmarked for wind power projects.
According to an estimate of the president of Brazil's wind power generation association Abeeolica, Elbia Melo, who also attended the forum, Brazil will jump to the 10th position in the global ranking in terms of wind power installed capacity in 2013, against its 15th position last year.
Abeeolica and the state-run energy research company EPE project that the installed wind power capacity in Brazil will reach 10.5 GW in 2017. Thus, in 2017, the wind power will account for 6% of the country's energy mix, versus its 2.8% share at present. (BRL 1.0 = USD 0.456/EUR 0.338)