Engie to receive BNDES loan for 361-MW wind complex in Brazil

Wind farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.

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)

More stories to explore
Share this story
About the author
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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription