Brazil's Rio Grande do Sul unveils special loan offers for renewables
Solar farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.
The Rio Grande do Sul government announced on Wednesday special credit programme for companies that want to install clean energy generation systems in the state.
Through the RS Energias Renovaveis, as it is named, investors will have access to credit lines from Brazil's Far South Regional Development Bank (BRDE) and the development agency Badesul. For this year, BRDE has available around BRL 317 million (USD 98m/EUR 88m), while the Badesul credit line is up to BRL 100 million.
RS Energias is part of a set of measures in the state to promote renewable investments, the State Secretary of Mines and Energy, Lucas Redecker, said.
Currently, the Rio Grande do Sul government is in talks with local bank Banrisul to create a special loan offer for homes that want to generate solar energy for their own consumption.