Brazil's BNDES okays USD 4.4m in loans for biogas projects

Sugarcane vinasse

February 9 (Renewables Now) - The Brazilian Development Bank (BNDES) has approved BRL 23.4 million (USD 4.4m/EUR 3.6m) in loans for the implementation of biogas projects capable of offsetting 154 tonnes of polluting gases annually.

Specifically, BNDES will disburse BRL 13.3 million for a 8.7% capacity increase in a biogas vinasse plant located in the state of Goias and owned by local sugarcane company Albioma Codora Energia.

This particular expansion allows the plant's biogas production to reach 195 GWh, of which 17 GWh can be distributed to the country's grid. A portion of the output may be used to power Albioma's Jalles Machado sugarcane facility.

The remaining BRL 10.1 million will be granted to agro-cooperative Copacol for the construction of a new 1-MW biogas facility in Parana state. The biogas will be produced from pig waste and used to help meet the company's energy demands, BNDES noted.

(BRL 1.0 = USD 0.188/EUR 0.156)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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