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Brazil's BRDE bank supports rural renewables in Rio Grande do Sul

Rice husks. Author: coniferconifer.

March 3 (Renewables Now) - Brazil's Far South Regional Development Bank (BRDE) on Monday signed three financing deals for BRL 87 million (USD 19.4m/EUR 17.4m) in total, to be allocated for renewable energy and infrastructure projects in Rio Grande do Sul state.

The bank will grant the largest sum of BRL 51 million to Tres Tentos Agroindustrial for biodiesel investments, while Creral Cooperativa de Geracao de Energia e Desenvolvimento is receiving BRL 30 million to produce energy by burning rice husks.

Lastly, Coprel Cooperativa de Distribuicao de Energia will get BRL 6 million to strengthen and expand the three-phase electric network in rural areas of Rio Grande do Sul.

(BRL 1 = USD 0.224/EUR 0.201)

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Browse all articles from Lucas Morais

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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