EDP-Energias do Brasil received a 306.3 million-real ($119 million) loan from Brazil’s development bank BNDES to build a wind complex.

The funds will be used for the Central Eolica Baixa do Feijao I, II, III and IV wind parks in the northeastern state of Rio Grande do Norte, the unit of EDP-Energias de Portugal SA said in a regulatory filing yesterday.

The wind complex has a total installed capacity of 120 megawatts and must go into operation in 2016