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).