Wind Power

Brazil Wind-Financing Deals Surged 83% Last Year to $2.5 Billion

Brazil’s development bank boosted financing for wind power 83 percent last year, and it expects to approve more loans this year.

Bloomberg
19/01/2015 18:59
Visualizações: 1864 (0) (0) (0) (0)

Brazil’s development bank boosted financing for wind power 83 percent last year, and it expects to approve more loans this year.

 

BNDES approved 6.6 billion reais ($2.5 billion) in loans for wind projects last year, adding 2,585 megawatts of new installed capacity, it said in an e-mailed statement today.

 

“Approvals will keep growing strongly in 2015,” Antonio Carlos Tovar, the agency’s head of renewable energy, said in an interview in Rio de Janeiro on Jan. 12. “The sector has been experiencing high demand, with many projects contracted in recent auctions.”

 

BNDES, formally Banco Nacional de Desenvolvimento Economico & Social, was the world’s leading arranger of asset finance loans for clean energy last year, with 24 deals worth a total of $2.7 billion, according to Bloomberg New Energy Finance. That accounted for 7.8 percent of the market, more than Mitsubishi UFJ Financial Group Inc., which had 34 deals worth $2.03 billion and a 5.8 percent share.

 

In December, BNDES approved 1.7 billion reais in loans for 22 wind parks, with 590 megawatts of capacity.

 

Most Read
see see
Niterói
Niterói concludes second edition of Tomorrow Blue Econom...
02/12/25
Recognition
ABS Consulting Earns Third Elev8 GovCon Honor for Excell...
22/11/25
Award
Aed Energy Wins at the 2025 Energy Storage Awards
22/11/25
Mossoró Oil & Gas Energy 2025
PetroSupply Meeting to Boost Business at Mossoró Oil & G...
21/11/25
Results
Union’s Oil Production Reached 174 Thousand Barrels per ...
21/11/25
International Company News
TGS Extends Agreement with the Government of the Federal...
21/11/25
Company News
Belga Marine and Global Maritime Announce Strategic Part...
21/11/25
Niterói
Tomorrow Blue Economy sets Niterói in motion in the coun...
13/11/25
Cop30
ANP Participates in the Event and Advances Measures for ...
13/11/25
FIRJAN
Enaex 2025 Discusses Reindustrialization, Brazil’s Compe...
13/11/25
Mossoró Oil & Gas Energy 2025
Mossoró Oil & Gas Energy to Feature Strategic Debates in...
13/11/25
Company News
Norsul becomes the first company in Latin America to ado...
11/11/25
ADIPEC 2025
From energy to intelligence to impact: ADIPEC 2025 sets ...
07/11/25
ADIPEC 2025
ADIPEC 2025 Day 3: Energy, finance and technology leader...
07/11/25
Results
Petrobras reaches net income of R$ 32.7 billion in the t...
07/11/25
Cop30
IBP Advocates Global Criteria for a Just Energy Transition
07/11/25
Offshore
Decommissioning Takes Center Stage
07/11/25
Natural Gas
ANP Approves Action Plan on Gas Pipeline Transportation ...
07/11/25
ADIPEC 2025
AI is no longer a side project: Technology leaders at AD...
05/11/25
Environment
ANP Holds Workshop on Methane Emissions in Partnership w...
05/11/25
International Event
International Energy Event Opens Registration for Activities
05/11/25
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.