BNDES annouced US $ 100 million investment in wind energy projects in Brazil

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Resources will finance the service to more than 700 thousand households with clean and renewable energy in the Northeast

Sustainble Development / ENERGIA LIMPIA XXI. Wind energy projects continue to grow in South America, particularly in Brazil. In recent days, BNDES annouced that is allocating US $ 100 million dollar fund for wind energy in Brazil, with support from Japan Bank for International Cooperation – JBIC. The funds will help to develop 12 wind farms in the states of Bahia and Pernambuco, with a total installed capacity of 331.85 MW and investments that exceed R $ 2 billion.

“With this operation, BNDES continues its strategy of diversifying financing sources and attracting resources that promote sustainable projects in Brazil”, says the Director of Finance, Bianca Nasser. A report carried by Energía Limpia XXI states that more than 737 thousand Brazilian households will benefit from this investment that provides clean and reliable electricity service. The proceeds from the operation were disbursed in a single installment and originate from an external loan contract, with a 12-year term, co-financed by Mizuho Bank Ltd and The Bank of Saga Ltd. This is the fifth operation carried out with JBIC under Green Line (Global Action for Reconciling Economic Growth and Environmental Preservation).

The Green line aims to support projects that favor the preservation of the global environment, promoting the reduction of greenhouse gas emissions and the generation of energy from renewable sources. The first four contracts with JBIC for this line were signed in 2011, 2014 and in March and December 2015. Cogeneration projects for energy from biomass and wind farms were supported. With the new operation, funds raised under the Green Line reach US $ 950 million.

About JBIC – JBIC is a financial institution fully controlled by the government of Japan that plays an important role in the implementation of the Japanese government’s economic cooperation policy, supporting the stable and sustainable development of foreign countries. Thus, it promotes the strengthening of economic relations between Japan and the international community.

About BNDES – Founded in 1952 and currently linked to the Ministry of Economy, BNDES is the main instrument of the Federal Government to promote long-term investments in the Brazilian economy. Its actions focus on the socio-environmental and economic impact in Brazil. The Bank offers special conditions for micro, small and medium-sized companies, in addition to lines of social investments, aimed at education and health, family farming, basic sanitation and urban transport. In crisis situations, the Bank acts in an anti-cyclical manner and assists in the formulation of solutions for the resumption of economic growth.

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