Sudene okays loan for 380.5 MW of wind parks in Brazil

The Superintendency for the Development of the Northeast (Sudene), a Brazilian governmental agency, has authorised a BRL-698.1-million (USD 147.6m/EUR 137.8m) loan package for 380.5 MW of wind energy projects in the Northeast region.

The financing will come from Sudene's northeast development fund, also known as FDNE, and be used to build eight projects that combined will require BRL 1.6 billion in investments, the agency said on Wednesday.

EDF Renewables and local renewables developer Casa dos Ventos are the names behind the projects, which will be located in the states of Paraiba and Bahia, respectively.

EDF will develop six projects part of the 242-MW Serra do Serido wind complex, scheduled to commence operations in March 2023. On the other hand, Casa dos Ventos' two schemes will form the 357.5-MW Babilonia Sul wind asset.

(BRL 1.0 = USD 0.212/EUR 0.197)

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