April 6 (Renewables Now) - The board of directors of Brazilian utility Engie Brasil Energia SA (BMVF:EGIE3) approved the signing of a BRL-1.243-billion (USD 237.4m/EUR 219.9m) loan with the Brazilian Development Bank (BNDES) for the 361.2-MW Campo Largo 2 Wind Complex.
The financing will go for 11 wind farms, of 86 turbines in total, the Brazilian unit of France’s Engie SA (EPA:ENGI) said in a filing last week. The facilities are located in the municipality of Sento Se in Bahia state.
According to the utility, this complex requires a total investment of BRL 2 billion. The company expects the first turbines to become operational by the end of 2020, with the full completion targeted by March 2021.
(BRL 1 = USD 0.191/EUR 0.176)