BNDES Announces Financing Program for Green Hydrogen Production Projects in Brazil

Written by Ruth Rodrigues

Published on 05/07/2022 at 18:07

Foto: iStock

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The Green Hydrogen Production Support Program Developed by BNDES Will Be Responsible for Ensuring the Necessary Financing Through Credit Lines for the Construction and Development of Projects for Generating This Resource in the Country.

Last Friday, (07/01), the National Bank for Economic and Social Development (BNDES) announced its newest financing program aimed at the energy and fuels sector in Brazil. Thus, there will be an investment of R$ 300 million in credits for the development of projects that aim to boost the green hydrogen market in the country as a way to energize this sector and expand the resource’s exploration in the national territory.

Green Hydrogen Production Projects May Receive Credit Lines for Construction Financing Through Program Created by BNDES

Targeting the growth of national investments in the green hydrogen segment with the arrival of foreign companies, BNDES announced a new financing program aimed at this sector. Thus, companies and entrepreneurs will be able to request credit lines with the bank for the development of production projects for the resource, with the investment focused on purchasing equipment, building factories, and other stages of the process.

To this end, BNDES will utilize resources from the well-known Climate Fund, responsible for supporting the renewable energy segment in the national territory. The financing for each project may include a total of R$ 300 million in credits offered by BNDES to the company.

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In Addition to the BNDES Project Financing Program, Brazil’s Green Hydrogen Market Continues to Attract New Investments from the Federal Government

As the energy transition becomes an increasingly urgent and relevant issue on the national agenda, the search for investments in the sector of renewable energies is on the rise in the country. Thus, it would be no different with green hydrogen, being the wager for the sector and gaining strong attention from the Brazilian government in recent months, not only with the BNDES financing program but also with other initiatives to stimulate the development of projects in the country.

Among them is the program launched by the Ministry of Science, Technology, and Innovations (MCTI) during June of this year, which opened a public call for R$ 50 million to encourage research in sustainable fuels such as biojet fuel, green hydrogen, and biomethane in the country. The resources will be invested through the National Fund for Scientific and Technological Development (FNDCT), and MCTI has kept the process open for companies of all sizes, ensuring more possibilities in the sustainable fuels market.

Thus, projects may receive between R$ 1 million and R$ 7.5 million for the initial development of the resource production venture in the country. In this way, the Federal Government continues to seek to harness the country’s strong potential in the renewable sector by stimulating the segment.

BNDES Announces Financing Program for Green Hydrogen Production Projects in Brazil

The Green Hydrogen Production Support Program Developed by BNDES Will Be Responsible for Ensuring the Necessary Financing Through Credit Lines for the Construction and Development of Projects for Generating This Resource in the Country.

Green Hydrogen Production Projects May Receive Credit Lines for Construction Financing Through Program Created by BNDES

In Addition to the BNDES Project Financing Program, Brazil’s Green Hydrogen Market Continues to Attract New Investments from the Federal Government

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BNDES Announces Financing Program for Green Hydrogen Production Projects in Brazil

The Green Hydrogen Production Support Program Developed by BNDES Will Be Responsible for Ensuring the Necessary Financing Through Credit Lines for the Construction and Development of Projects for Generating This Resource in the Country.

Green Hydrogen Production Projects May Receive Credit Lines for Construction Financing Through Program Created by BNDES

In Addition to the BNDES Project Financing Program, Brazil’s Green Hydrogen Market Continues to Attract New Investments from the Federal Government

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

On the Greek island of Ithaca, archaeologists have found what may be a sanctuary dedicated to the legendary Odysseus, with inscriptions bearing his name and votive offerings that span from the Mycenaean to the Hellenistic era.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Spain surprises the world by erecting 62 artificial dunes, mixing sand with natural remains of posidonia, and causing the structure to lose only 1.4% of its volume in 1 year.

After two years of internal discussions, Paraguay has finally regulated the law that opens the country to foreign technology and service companies with tax incentives that promise to create thousands of jobs and change the economy.

Map reveals how the Earth may look in 250 million years: continents will reunite in the Last Pangaea, 92% of the planet could become uninhabitable for mammals, and Spain appears among the rare possible exceptions.

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With an almost perfect ring of 70 km visible from space, known as the “Eye of Quebec” and over 100 km in length, the Manicouagan Crater in Canada reveals the colossal mark left by a giant asteroid and has become one of the most impressive formations ever identified on the Earth’s surface.

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