The Brazilian Development Bank, or BNDES, is considering to increase by 15% its funding available for wind projects in 2015, the bank's infrastructure director Roberto Zurli Machado was quoted by local media as saying at an industry event on Thursday.
If implemented, the raise will bring the total BNDES support for wind to BRL 7.6 billion (USD 2.2bn /EUR 2bn), up from from the BRL 6.6 billion that helped bring 2,586 MW new wind installations.
The executive also said that the bank will not limit its support to the winning schemes from Brazil's energy auctions, but will encourage project developers to seek funding on the capital market through issue of infrastructure bonds.
From 2003 to the first quarter of 2015, BNDES helped finance 71 wind power projects, valued at BRL 25.2 billion. This is the second largest financing in Brazil's electricity sector, right after hydropower plants (HPPs) projects.