Renewable Energy

BNDES approves R$ 1 billion credit to help build three wind farms

Financing will fund projects in Bahia and Ceará. Energy generated will be enough to supply 700,000 homes

BrazilGovNews
20/06/2017 18:19
BNDES approves R$ 1 billion credit to help build three wind farms Imagem: Vanderlei Tacchio/Divulgation Eletrosul Visualizações: 1091 (0) (0) (0) (0)

The Brazilian Development Bank (BNDES) has recently approved R$ 1 billion in financing for the construction of three wind farms. The plants, currently being built in the states of Bahia and Ceará, will generate 311.3 MW of power, enough to supply about 700,000 homes.

 

The three plants are owned by French group EDF, Italy's Enel and Aliança, a subsidiary of Vale and the Minas Gerais Electric Company (Cemig). "The wind farms will help diversify the Brazilian energy grid with a clean and renewable power source," the BNDES said in a statement.

 

"The projects will also help Brazil meet the greenhouse gas emission reduction targets to which it has committed under the Paris Agreement," the bank explained.

 

Financing

 

EDF will contract financing in the amount of R$ 486.4 million for the construction of the Ventos da Bahia ("Winds of Bahia") I, III, IX and XVIII wind farms, all in the municipality of Mulungu do Morro. The company will also use the resources to build the transmission system.

 

Enel will contract R$ 307.8 million in financing to help build the Delfina III, IV, VI and VII wind farms in the municipality of Campo Formoso (also in Bahia), as well as for the transmission system.

 

The BNDES also informed that Aliança will contract financing in the amount of R$ 243.5 million to help build the Santo Inácio III and IV, Garrote and São Raimundo wind farms and their associated transmission systems, all in the municipality of Icapuí (state of Ceará).

Most Read Today
see see
E&P
Hitachi Energy to evaluate electrification of offshore p...
10/07/25
Digitalization
TGS and Equinor Collaborate to Drive Digital Transformat...
10/07/25
People
Julia Cruz Appointed as New Secretary of Green Economy, ...
03/07/25
Sustainability
ABB among TIME’s World’s Most Sustainable Companies
03/07/25
Biofuels
Brazil Can Lead the Decarbonization of International Tra...
03/07/25
Pre-Salt
Oil States signs contracts to supply rigid jumpers for S...
03/07/25
Electric Energy
SMEs: Seven Tips for Joining the Free Energy Market
03/07/25
Energy Transition
CCEE Highlights Leadership in Energy Transition at EVEX ...
03/07/25
Award
WPC Energy Announces Vicki Hollub as Recipient of the Pr...
01/07/25
ANP
Final Results of the PRH-ANP 2025 Announced
01/07/25
Wind Energy
New Provisional Measure Will Not Be Enough to Counter Ha...
30/06/25
International
Oil discovery in the Johan Castberg area in the Barents Sea
30/06/25
Fuels
Gasoline Drops Just 0.78% in June Despite Petrobras' 5.6...
30/06/25
Event
Brazil Advances Energy Transition with E30 and B15, Rein...
30/06/25
People
Patricia Pradal Appointed as New President of Chevron So...
30/06/25
Results
ANP Releases Consolidated Data for the Regulated Sector ...
30/06/25
Ethanol
Ethanol Prices Rise in the Last Week of June
30/06/25
People
Fulkrum appoints Louisa Poole as Chief Financial Officer
26/06/25
International Company News
Johan Castberg producing at full capacity
25/06/25
Decarbonization
EPE to Launch Analysis on Decarbonization of Brazilian E...
13/06/25
FIRJAN
At the Launch of the Rio Oil Yearbook, Business Leaders ...
13/06/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.